"International markets have good longer-term growth potential for HP, as international operators are beginning to realize the advantages of new drilling technologies, " Urness wrote.
Newfound drilling technologies mean that abundant shale supplies are now accessible.
New drilling technologies have led in recent years to a modest increase in U.S. oil production, and over the past two decades, to a six-fold increase in U.S. conventional natural gas production.
Last year, 30% of power in the U.S. came from burning natural gas, up from 19% in 2005, driven by drilling technologies that have unlocked large and inexpensive new supplies of the fuel.
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Many environmental groups, of course, see the shale gas boom unleashed by hydrofracking and horizontal drilling technologies as more a curse than a blessing, producing contaminated water supplies and air pollution while scaring local landscapes.
Advances in drilling technologies in the last decade have enabled energy companies to tap huge supplies of gas locked up in shale thin layers of rock a mile or more underground that reach for miles across the landscape.
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Precision steerable drilling hugely benefits from yet more technology real-time data from a technique called logging-while-drilling using technologies like gamma ray and neutron sensors that continuously analyze and report what precisely is in the ground at that point.
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This is attributable to significant advances in the use of horizontal drilling and well stimulation technologies.
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And, there is promise in domestic resources from the application of horizontal drilling and staged frac technologies to tight oil reservoirs.
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The energy sector has seen a rapid rise in natural gas production from shale formations due to significant advances in the use of horizontal drilling and well simulation technologies.
This is a shame, because the truth is that, of the two technologies, Horizontal Drilling is the real marvel of engineering and scientific innovation.
For all the attention given to technologies like horizontal drilling and hydraulic fracturing, some of the greatest gains to be made in reducing the environmental risks of natural-gas production come from simple things like the proper pouring of cement well casings and the proper handling of chemicals and wastewater, so that they do not spill or seep into streams or water supplies.
In addition, BP has agreed to several initiatives with academia and regulators to develop new technologies related to deepwater drilling safety.
The following technologies were outlined in Drilling Contractor, the official magazine of the International Association of Drilling Contractors, so take the rosy enthusiasm with a grain of salt.
Again, we are experiencing a revolution in production in the United States through horizontal drilling, fracking, and these newer technologies, and they are able to capitalize on that wonderfully because of their domestic crude oil footprint.
Perhaps even more transformative has been the energy boom, largely sparked by new technologies such as fracking and deepwater drilling.
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Other than rising oil prices, the reason for this shift is that new and controversial technologies such as fracking and horizontal drilling have multiplied the amount of viable deposits in unexpected places.
Using ever fancier technologies, the oil business is drilling in deeper waters, more difficult terrain and even in the Arctic (which, as global warming melts the polar ice cap, will perversely become the next great prize in oil).
They make no use of modern technologies such as seismic testing and lateral drilling, for instance.
He will invest in the energy technologies of tomorrow and lift the ban on drilling for America's offshore oil today.
Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors.
Two energy companies known for their fracking technologies are going after public money even as the drilling technique continues to receive negative publicity.
And they have deployed technologies like hydraulic fracturing, or fracking, and horizontal drilling to produce gas from shale rock.
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