Newspaper article THE JOURNAL RECORD

Technology Keys U.S. Oil Fields' Production

Newspaper article THE JOURNAL RECORD

Technology Keys U.S. Oil Fields' Production

Article excerpt

DALLAS (AP) - A huge potential exists to expand production in U.S. oil fields, but experts said those overworked fields will remain top producers only if the industry puts a priority on technological advances.

During the boom times, ``no one needed to do it better,'' said Frank Schuh, president of Drilling Technology Inc., at the annual meeting of the Society of Petroleum Engineers.

``The problem is that 80 percent of all the wells drilled in the world have been drilled in this country,'' Schuh said. ``We've found it all.''

If the industry is going to ``survive on these crummy fields,'' several new methods of drilling will have to be explored, he said. Advances in drilling technologies ``are the kinds of things that can change the profits equations.''

The oil and gas industry's ``rededication to technology'' is just as necessary as the industry's consolidation and retrenchment, said Robert C. Mills, vice president and general manager of Mobil Exploration and Producing Services Inc. …

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