What’s new in well logging and formation evaluation ///

The purpose of this article, which is based solely on published technical papers and publicly available literature, is to inform readers of new and potential technologies in well logging and formation evaluation. This article does not endorse or promote any particular technologies or service providers. Some of the technologies described in this article may be available, as commercial services, while others may still be in the development or test phases. The big news, over the past year, is the sharp drop in oil prices that began in the second half of 2014. As operating companies cut back on their current and planned activities, to accommodate the lower price of oil, service companies have been forced to drastically reduce their expenses, and to seek greater efficiencies through major reductions in staff and mergers. In November, Halliburton agreed to purchase Baker Hughes for $34.6 billion. If approved by regulators, the combined operations, research and development activities are anticipated to result in an improved competitive position and market power, higher profit margins, and savings of approximately $2 billion. The combined company will retain the Halliburton name.

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