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Know about companies which are producing oil and gas by applying computerized technology

By Hellenturbel Subscribe to RSS | August 7th 2012 | Views:

Oil and natural gas are two most important sources of energy on which a society depends. Thus it is the responsibility of production companies to ensure steady flow of these two natural resources.

The problem is that there is no way to be absolutely sure where oil and natural gas reserves are located, i.e. the precise location. It all depends on the expertise of petroleum engineers who need to collect clues as to what lies deep beneath the earth's surface. With advanced technology the exploration process has revolutionized a lot. Now it has become easier to pinpoint potential reserves with greatly improved accuracy. This has resulted in fewer wells and lower exploration costs.

Engineers apply different strategies so that they can gather useful information about geological structures and rock properties below the surface, seismic survey being one of them. Such surveys are generally done by sending high-energy sound waves into the ground. Then it is measured how long the sound wave takes to reflect back to the surface. Sound travels at varied speeds as it passes through different rock formations. Computers use these seismic data to create the 3-D image of what lies below the surface. Geologists and geophysicists then take the help of 3-D seismic images to look for build-ups of oil and natural gas. As soon as the location is pinpointed engineers use the information to plan the safest and most economical well path to the reservoir.

As is obvious from above discussion, producing oil and gas is not an easy task. Companies which are into production needs to invest huge sum of money for research and development purpose. Before starting the exploration work, the company needs to secure permission from the owner of the mineral rights. Usually the company has to assume all the expenses and risks of drilling. In return, it has to pay the mineral owners a portion of what it finds as also a signing bonus in order to secure drilling rights.

Drilling for oil and natural gas is quite a complex process. To simplify the job and make it more efficient and productive, companies like Brietling have stressed on application of cutting edge technology. At the same time, it has taken care of all applicable safety norms. There are environmentalists who have raised objection to fracturing which is a commonly practiced drilling technique. This has prompted this oil and natural gas company to come up with eco-friendly hydraulic fracturing program. Besides producing oil and gas, the company has emphasized on generating consumer awareness through its website updates.

There are few reputed Texas based oil and natural gas exploration companies which never compromise on business ethics in order to generate profits. They abide by government rules and regulations. There is one specific company which operates with the noble mission of supplying safe and reliable energy for coming generations. Its main aim is to maximize value of assets and resources for employees, shareholders and stakeholders but in a responsible manner. The company also offers a range of investment programs along with lucrative tax benefits for retail and corporate investors. A look at the company website will offer detailed information about its activities and investment schemes.

Hellenturbel - About Author:
Hellen Turbel has worked as investment consultant with Texas based companies which are Producing oil and gas. He has closely monitored the oil and natural gas sector from investment perspective and has shared his valuable insights in several online articles.

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