As oil prices drop and shale operators around the U.S. sweat, one statistic sticks out from the 2014 DUG Eagle Ford conference—the open admission on stage by one of the largest energy services companies that “60% of all fracture stages are ineffective.” The presenter continued by asserting that a “step change” in completions and productivity is needed to sustain the unconventional energy revolution.
Computer technology is nothing new in the $6 trillion global oil and gas business. For decades, energy giants like Exxon, Chevron, and Royal Dutch Shell have been running seismic records through supercomputers to figure out where to drill. Billions have been spent on high performance computing (HPC) resources to bolster oil exploration and extraction.
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