Andrew Gould Quotes (14 Quotes)

This will result in wells that will make a substantial improvement in the recovery factor just because they are absolutely in the proper place within the reservoir for the purposes of drainage.

Obviously the shift to gas and the need for large amounts of gas in the United States is going to be a major focus of attention on the part of producers.

The industry response to the current lack of an oil supply cushion and the long-term need to increase supplies of natural gas is underway, but is still far from reaching a peak,

In the longer term, there are significant factors that are going to affect the operators and to a large extent the service industry.

Will the industry outsource more? I think it depends on the client base.

I think that worldwide tenders are going to remain extremely difficult because of the influence of foreign governments, partners, etc.

The national oil companies still want to acquire some expertise so they will outsource more, but not totally.

I think that in the near term the only threat to demand is some form of recession here in the United States.

For a long time, we've worked on detecting planets with whatever was at hand, making use of existing small telescopes or even amateur telescopes. It's time to move on to the next stage.

Severe winter weather in the Russian and Caspian geo-markets curtailed activity significantly for a three-week period in January.

I don't know the time frame exactly, but it's clear they're all going to want to start spending money again.

It tends to indicate these Earth-mass planets are quite common, 10 to 50 times more common than previously believed.

(Producers') plans have already been put in place to achieve this, but it will take several years of sustained activity to develop the new production that can reliably replace today's supply.

To put that right it's going to take several years of very hard work by the oil industry to renew the production cushion. Activity is increasing but it is not yet at its maximum point.