In September, Next Generation Oil & Gas published an article in its magazine called “Reality Check for Oil,” in which Deloitte, an organization or brand of independent firms throughout the world that “collaborate to provide audit, consulting, financial, advisory, risk management and tax services to selected clients” or a company that is “serving our clients and helping them solve their toughest problem,” according to Deloitte’s web site.
The article lists the top 10 challenges oil and gas companies face in America according to Dick Cooper, leader of Deloitte’s national Energy & Resources practice.
Of those ten challenges Cooper lists, I’d like to take a look at three of them and see what opinions you have as well.
1) Reserves are getting harder to reach and extract.
So what does this mean for you as independent oil and gas operators? Do you see this challenge as an opportunity to expand your industry and business, or something to be feared?
To me, and correct me if I’m wrong, but I see it is an opportunity for our industry – and one that many are diving right in to. I think this can be seen in how many across the country are trying what’s been coined “unconventional drilling,” and horizontal drilling, and accessing oil and gas in shales instead of just oilfields.
I also see it in the technological advances that engineers are coming up with, making how you access those harder-to-reach reserves more accessible in a digital oilfield.
2) Health and safety remain critical concerns.
No one needs to be reminded of the Deepwater Horizon offshore rig that exploded on April 20, 2010, killing 11 crew members and began the United States’ probably largest offshore gulf spill, to know that safety it always a huge concern in this industry.
Everyone oil and gas publication I read has some article or special section on safety in the workplace and safety tips to follow. But is it enough? What strides are you taking at your business to make sure all workers are kept safe?
This may seem silly, but I came across a resource from the United States Department of Labor that many of you involved in creating and mandating safety policies in the oil and gas industry may find useful. The site follows a well from inception to when it’s either plugged or abandoned with instructions and tips for how to make each step as safe as possible.
Check out this resource here.
3) An alternative energy strategy is mandatory.
I’ve shared a few thoughts on the blog so far about alternative energy strategy in terms of natural gas – but thinking more broadly about the topic, what does it mean for you and more specifically the way you operate?
Knowing as much as you do about how oil and gas work now as our energy source, what alternatives are viable? How and what can we do to help find a suitable alternative and how imperative is it right now?
I’d love to hear your thoughts on these challenges, please leave a comment or shoot me an e-mail at [email protected].
I know this isn’t my normal type of blog post, but today I’d like to share a new feature we’ve just unveiled on our website: the Solution Center. The Solution Center is a place where you can find out more about the different solutions we’ve found for our clients, as well as a list of resources for you to find your own solution.
If you’re anything like me, I like to find out all that I can about a product before I even think about purchasing it. That’s why we thought it was important to have a place in a central location for those of you looking for oil and gas accounting software, to learn more about our programs. The more information we can give you about how our product works, what real people think about it and how they use it, and key features we think you may find helpful, the easier it makes your job in evaluating the software.
I’ve created a short video walking you through our new Solution Center, so you can see what features it includes. I’m no professional video maker, but I think I was able to get the point across.
Please check it out and let me know what you think. Is the solution you’re looking for in our center? Did we leave anything out?
How can we help you find your solution?
Political rhetoric and candidates across the country fill the radio and TV with commercials, debates and campaigns all promising to fix Washington and provide states with new jobs; jobs that will stay. I don’t even have to know their names to know that this is the platform a majority of candidates are running on this November.
Perhaps its time for some good news on jobs, at least good news for how our industry is helping the workforce.
I came across this blog yesterday about how the oil and gas industry is helping America’s economy in the workplace. The author, Jane Van Ryan, senior communications manager and new media advisor at the American Petroleum Institute, published this blog article with some interesting facts on how our industry is boosting the economy in terms of jobs from oil and gas businesses.
Click here to watch a one-minute informative video on just how many jobs the oil and gas industry provides in states across the country.
Some of the states she focuses on include Louisiana, Texas, Colorado and New Mexico. But what about the others that produce oil and gas? How is the oil and gas industry affecting your state? How important is the industry to its economy?
And even more importantly, how can we use this information to educate those in our state on the importance of promoting oil and gas development and exploration in the United States?