The San Antonio Business Journal released some interesting numbers today. “Oil production in the Eagle Ford Shale was up 74 percent in February compared to one year ago to set an all-time high.”
Just by looking at the graph to the left, you can see that the comparison between 2013 and 2011 is pretty dramatic. The article doesn’t cover the reasons behind this huge jump, but it’s safe to say that better technology and improved oil and gas software have played a big part.
As we covered in one recent post, better data as a result of energy software resulted in 35% improvements in production for Chesapeake Energy.
But even as producers celebrate these huge improvements, it’s important to note that need for good energy management tools.
For more on using software and data to monetize assets in the oil and gas industry, check out this post…