Haliburton Introduces Fluid Analysis Service
Haliburton Company (NYSE: HAL) has revealed a new down-hole fluid analysis technology at the Society of Petroleum Engineers Annual Technical Conference and Exhibition. Unlike other fluid analysis services, Haliburton’s ICE CoreSM, is able to read which specific fluids are present and in what proportions. Applications for the technology include exploration, deep water, sample validation, flood mapping, and reservoir grading. We can expect a high demand for this product as the oil industry continues to rely heavily on data analysis for exploration and development.
Exxon’s Oil Mishap
There’s a common misconception that many investors in the energy sector often make, and it also happens to be an incredibly expensive one. When ExxonMobil made this blunder in the 1980’s, it cost them over $1 billion and 2 thousand employees. As for investors, breaking this misconception could mean the difference between 0% and 900% gains. For more information on how this mistake has costed Exxon billions in oil, and how it can help us to find the right energy plays, click here.