000 01640nab a2200217 4500
005 20260520001151.0
008 260224s2020 xxu ing
041 _aInglés
245 0 0 _aInnovative evolution of variable frequency drives
_bCan new variable frequency drives restore profitability to oil and gas production?
260 _a
_b
_csept. 2020
270 _a10/03/2021 ; 09/03/2021
300 _a[c.a.] 3 p.
520 _aAt the start of the year, few predicted the turmoil that 2020 would inflict on the oil and gas industry. Oversupply and the collapse of demand created historic stresses on oil and gas prices. Long-term predictions for oil prices remain decidedly unoptimistic, and this low-price environment is the industry’s foreseeable future. In response, producers are looking to squeeze every dollar from their budgets in both capex and LOE. Everyone it seems, producers as well as suppliers, are in a fight to survive. Extraordinary cost of production It requires an enormous amount of energy to extract and move a barrel of oil or gas from the ground. In fact, energy costs are a huge percentage of most producers’ LOE. According to the U.S. Energy Information Administration, the oil and gas business consumes 2.5% of all distilled petroleum products. Anything that can lower those costs directly impacts the bottom line.
581 _a9
773 0 _tE & P
_g
942 _cARTICULO
100 1 _aMason, Bobby
_959990
100 1 _aWilke, Ted
_959991
999 _c193893
_d193893
856 _uhttps://epplus.hartenergy.com/issue/september-2020/innovative-evolution-of-variable-frequency-drives/