Join a panel of energy experts for a complimentary Hot Topic Breakfast disclosing the key innovations in hydraulic fracturing set to drive down well costs
SANTA CLARA, Calif., Dec. 20, 2018 /CNW/ -- Upstream oil & gas is increasingly focused on cutting costs and improving recovery rates through radical innovation and digital transformation. One of the industry segments prime for disruption is completions or hydraulic fracturing, as it uses the most manual processes and accounts for the most expensive phase in E&P. While the potential for growth in key basins like the Permian, Marcellus, and Eagle Ford is promising, the only path forward for sustained development in the completions segment is the adoption of emerging technologies and innovative business models, many from lesser-known companies.
Join Frost & Sullivan's Oil & Gas Innovation Council and a panel of experts as they discuss which emerging technologies, best practices, new business models, and leading companies will shape the future of hydraulic fracturing at its upcoming Hot Topic Breakfast, Wednesday, January 16, 2018, from 8:00 AM to 10:00 AM CST at the Embassy Suites by Hilton – Houston Energy Corridor in Houston, Texas. Ethan Smith, vice president, Oil & Gas at Frost & Sullivan, will moderate the breakfast, which will provide insight from several industry experts including Ron Dusterhoft, technology fellow at Halliburton and Ian Bryant, President and chief executive officer at Packers Plus.
To register for the complimentary event, please visit: http://frost.ly/313
"Drilling lateral length and increased proppant intensity has been a boon to rig contractors and frac sand companies; however the cost of completions is breaking the operators' proverbial bank," said Smith. "For the E&P industry to withstand violent swings in oil prices, hydraulic fracturing costs must come under control, mostly through the adoption of emerging technologies and new business models."
Key takeaways include:
- Find out which technologies will reduce hydraulic fracturing costs in the next 5 years
- Discover which Industry 4.0 technologies are expected to have the greatest impact on the future of completion designs
- Explore which startup companies will make the greatest impact on completion advances
- Learn which operators are leading the adoption of advanced completion designs
About the Oil & Gas Innovation Council
The Frost & Sullivan Oil & Gas Innovation Council spotlights innovations, business models, processes, and best practices that have the potential to reduce the complexity and inefficiencies of upstream oil & gas. The Council is the first member-driven, global executive network designed to help accelerate the pace of innovation in upstream oil & gas.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
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SOURCE Frost & Sullivan