[Smokin' Joe]

The real driver of innovation in the oil patch is one of competition. That intensifies when the price crashes, like it did in 1982, 1986, 1999, for example. When that happens, the companies which will be successful are aggressively pursuing the next game-changing tool or process, one which makes drilling faster or more economical otherwise, one which enhances production, or improves overall recovery.

I have worked wells where we experimented with different bits (some one-off experimentals), different drilling fluids, and different techniques. It has been one heck of an education, but it wasn't federally funded. The risks are there, but so are the rewards, and like in the wild, the most efficient hunters eat best.

From seismic techniques to other exploration methodologies to the nuts and bolts of drilling and producing a well, private interests stand to profit from innovation, and that is a powerful motive indeed.

[Recon Dad]

When it comes to great posts on anything O/G you and Thackney top the list, thanks.