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DeGolyer And MacNaughton
DeGolyer and MacNaughton is a petroleum consulting company based in Dallas, Texas, with offices in Houston, Moscow, Astana, Buenos Aires, and Algiers. DeGolyer and MacNaughton was founded in 1936 by Everette Lee DeGolyer and Lewis MacNaughton. DeGolyer had formerly known McNaughton through their work with the petroleum exploration company Amerada. While serving as President, DeGolyer hired McNaughton to work for Amerada in 1928. Company founding and early years In the 1930s bankers began offering essential long-term loans to prospective oil companies only after they had secured the unknown, subterranean collateral of the oil reserves at a particular site, which required the banks to rely on the integrity, competence, honesty, and experience of those individual assessing the value of the reserves. New financing methods were required which created a need for reliable and fully independent studies and evaluations of reservoirs. DeGolyer and McNaughton was established to meet ...
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Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both List of U.S. states and territories by area, area (after Alaska) and List of U.S. states and territories by population, population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexico, Mexican States of Mexico, states of Chihuahua (state), Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the List of cities in Texas by population, most populous city in Texas and the List of United States cities by population, fourth-largest in the U.S., while San Antonio is the second most pop ...
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Geology
Geology () is a branch of natural science concerned with Earth and other astronomical objects, the features or rocks of which it is composed, and the processes by which they change over time. Modern geology significantly overlaps all other Earth sciences, including hydrology, and so is treated as one major aspect of integrated Earth system science and planetary science. Geology describes the structure of the Earth on and beneath its surface, and the processes that have shaped that structure. It also provides tools to determine the relative and absolute ages of rocks found in a given location, and also to describe the histories of those rocks. By combining these tools, geologists are able to chronicle the geological history of the Earth as a whole, and also to demonstrate the age of the Earth. Geology provides the primary evidence for plate tectonics, the evolutionary history of life, and the Earth's past climates. Geologists broadly study the properties and processes of E ...
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American Companies Established In 1936
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ...
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Petroleum Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the wor ...
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Companies Based In Dallas
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Reservoir Simulation
Reservoir simulation is an area of reservoir engineering in which computer models are used to predict the flow of fluids (typically, oil, water, and gas) through porous media. The creation of models of oil fields and the implementation of calculations of field development on their basis is one of the main areas of activity of engineers and oil researchers. On the basis of geological and physical information about the properties of an oil, gas or gas condensate field, consideration of the capabilities of the systems and technologies for its development create quantitative ideas about the development of the field as a whole. A system of interrelated quantitative ideas about the development of a field is a model of its development, which consists of a reservoir model and a model of a field development process. Layer models and processes for extracting oil and gas from them are always clothed in a mathematical form, i.e. characterized by certain mathematical relationships. The mai ...
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Engineering Analysis
Engineering analysis involves the application of scientific/mathematical analytic principles and processes to reveal the properties and state of a system, device or mechanism under study. Engineering analysis is decompositional: it proceeds by separating the engineering design into the mechanisms of operation or failure, analyzing or estimating each component of the operation or failure mechanism in isolation, and re-combining the components according to basic physical principles and natural laws. Applied/engineering mathematical analysis Engineering analysis and applied analysis are synonym terms for mathematical analysis/calculus beyond basic differential equations such as applied for various advanced physics & engineering topics (including Fourier analysis, Lagrangian & Hamiltonian mechanics, Laplace transforms, Sturm–Liouville theory, and others) but still can involve mathematical proofs. Remote systems Engineering analysis is the primary method for predicting and ha ...
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Petrophysics
Petrophysics (from the Greek πέτρα, ''petra'', "rock" and φύσις, ''physis'', "nature") is the study of physical and chemical rock properties and their interactions with fluids. A major application of petrophysics is in studying reservoirs for the hydrocarbon industry. Petrophysicists are employed to help reservoir engineers and geoscientists understand the rock properties of the reservoir, particularly how pores in the subsurface are interconnected, controlling the accumulation and migration of hydrocarbons. Some of the key properties studied in petrophysics are lithology, porosity, water saturation, permeability and density. A key aspect of petrophysics is measuring and evaluating these rock properties by acquiring well log measurements – in which a string of measurement tools are inserted in the borehole, core measurements – in which rock samples are retrieved from subsurface, and seismic measurements. These studies are then combined with geological and geo ...
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Geophysical Survey
Geophysical survey is the systematic collection of geophysical data for spatial studies. Detection and analysis of the geophysical signals forms the core of Geophysical signal processing. The magnetic and gravitational fields emanating from the Earth's interior hold essential information concerning seismic activities and the internal structure. Hence, detection and analysis of the electric and Magnetic fields is very crucial. As the Electromagnetic and gravitational waves are multi-dimensional signals, all the 1-D transformation techniques can be extended for the analysis of these signals as well. Hence this article also discusses multi-dimensional signal processing techniques. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial, orbital, or marine platforms. Geophysical surveys have many applications in geology, archaeology, mineral and energy exploration, oceanography, and engineeri ...
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Economic Forecasting
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms. Economic forecasting is a measure to find out the future prosperity of a pattern of investment and is the key activity in economic analysis. Many institutions engage in economic forecasting: national governments, banks and central banks, consultants and private sector entities such as think-tanks, companies and international organizations such as the International Monetary Fund, World Bank and the OECD. A broad range of forecasts are collected and compiled b"Consensus Economics" Some forecasts are produced annually, but many are updated more frequently. The economist typically considers risks (i.e., events or conditions that can cause the result to vary from their initial estimates). ...
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Dallas
Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and County seat, seat of Dallas County, Texas, Dallas County with portions extending into Collin County, Texas, Collin, Denton County, Texas, Denton, Kaufman County, Texas, Kaufman and Rockwall County, Texas, Rockwall counties. With a 2020 United States census, 2020 census population of 1,304,379, it is the List of United States cities by population, ninth most-populous city in the U.S. and the List of cities in Texas by population, third-largest in Texas after Houston and San Antonio. Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the Southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link ...
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Society Of Petroleum Engineers
The Society of Petroleum Engineers (SPE) is a 501(c)(3) not-for-profit professional organization whose stated mission is "to collect, disseminate, and exchange technical knowledge concerning the exploration, development and production of oil and gas resources and related technologies for the public benefit; and to provide opportunities for professionals to enhance their technical and professional competence". SPE provides a worldwide forum for oil and natural gas exploration and production (E&P) professionals to exchange technical knowledge and best practices. SPE manages OnePetro and PetroWiki, in addition to publishing magazines, peer-reviewed journals, and books. SPE also hosts more than 100 events each year across the globe as well as providing online tools and in-person training opportunities. SPE's technical library (OnePetro) contains more than 200,000 technical papers—products of SPE conferences and periodicals, made available to the entire industry. SPE has offices in ...
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