The most reliable projections that have been issued to date make it clear that the Eagle Ford Shale is likely to ultimately surpass the East Texas Field to become the largest oil field ever discovered in the lower 48 states in terms of total ultimate oil production.
The idea here is to communicate that ultimate goal of economic production is to raise folks standard of living, by which we mean their level of consumption.
Lufkin also provides a wide array of automation systems for oil and gas wells to optimize their artificial lift technologies with an ultimate objective to reduce production costs.
It predicted a general decline in domestic production of natural gas through 2010, with the ultimate possibility of its phase-out as a significant fuel.