New technology for the oil industry - Industrial - Oil and Gas Industry Press

What's the best way to get finance for new technology/tool in the oil and gas industry?

It's a new tool using cutting edge new technology and will help operators save a lot of money, but to bring it to market and commercialization money is needed, ideally in partnership with a successful company in the industry.


Hmm... got a brother in law that is a buyer for Conoco-Phillips... I can ask him tomorrow night if you want. (Too late to call him now..)

Oil prospects here lower than elsewhere

Morgan County may or may not take much part in the second oil and gas boom.

In eastern Colorado, oil developers are mostly looking at the Niobrara Shale Formation for oil and natural gas, said Chad Grimes of Bourland and Leverich Supply Co. during the Morgan Conservation District annual meeting Thursday.

The deepest and best oil reserves in that formation are around the Greeley area, he said. The formation thins as it goes east, and is only about half as deep by the time it reaches Morgan County. Further east, the formation is mostly good for natural gas.

That adds up to a shallow formation in the Morgan County area, and less chance for hitting oil, said Ken Strauch of JW Wireline Co.

Both of these men have done oil and gas exploration work for some time and are natives of Morgan County, said Larry Hoozee, president of the conservation district.

Nonetheless, some oil companies are leasing mineral rights in southern Morgan County, although they do not know until they drill whether or not those wells will produce anything, Strauch said.

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This was the first phase of the history of Oil Industry, which gave new lease to our lives. Oil And Gas Industry. OIL Gas Industry. This well began to be known as the Drake Well  after the name of "Colonel" Edwin Drake, the man who gave the idea of drilling the well for commercial use....

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New technology for the oil industry - Bookshelf


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