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Title: Deregulation, technology bringing opportunities for power cost reduction

Abstract

Operators in the oil and gas industry have many opportunities to improve their production costs through better management of their mechanical and electrical power equipment. Simple and available equipment such as capacitors can be installed to save money. In California and Canada and soon in other states, decentralized power gives operators the freedom to enter into contracts for electricity services tailored to the needs of the load. These contracts may be less straightforward and involve more risk than in the past. In addition, new opportunities exist and more are coming in the form of distributed power equipment such as microturbines that can be installed and operated at low costs to make many marginal fields economical. For diligent operators, cost savings and new technologies promise to improve profitability and mitigate risk. Part 2 of this 2-part series describes how soon oilfield operators will be able to make better deals for power -- or disconnect from the power grid entirely and install small generating units.

Authors:
 [1];
  1. Wagner and Brown Ltd., Midland, TX (United States)
Publication Date:
OSTI Identifier:
684595
Resource Type:
Journal Article
Journal Name:
Petroleum Engineer International
Additional Journal Information:
Journal Volume: 72; Journal Issue: 9; Other Information: PBD: Sep 1999
Country of Publication:
United States
Language:
English
Subject:
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; NATURAL GAS INDUSTRY; PETROLEUM INDUSTRY; ENERGY CONSERVATION; POWER SUPPLIES; ELECTRIC UTILITIES; CONTRACTS; ON-SITE POWER GENERATION

Citation Formats

Harris, B., and Ennis, P. Deregulation, technology bringing opportunities for power cost reduction. United States: N. p., 1999. Web.
Harris, B., & Ennis, P. Deregulation, technology bringing opportunities for power cost reduction. United States.
Harris, B., and Ennis, P. Wed . "Deregulation, technology bringing opportunities for power cost reduction". United States.
@article{osti_684595,
title = {Deregulation, technology bringing opportunities for power cost reduction},
author = {Harris, B. and Ennis, P.},
abstractNote = {Operators in the oil and gas industry have many opportunities to improve their production costs through better management of their mechanical and electrical power equipment. Simple and available equipment such as capacitors can be installed to save money. In California and Canada and soon in other states, decentralized power gives operators the freedom to enter into contracts for electricity services tailored to the needs of the load. These contracts may be less straightforward and involve more risk than in the past. In addition, new opportunities exist and more are coming in the form of distributed power equipment such as microturbines that can be installed and operated at low costs to make many marginal fields economical. For diligent operators, cost savings and new technologies promise to improve profitability and mitigate risk. Part 2 of this 2-part series describes how soon oilfield operators will be able to make better deals for power -- or disconnect from the power grid entirely and install small generating units.},
doi = {},
journal = {Petroleum Engineer International},
number = 9,
volume = 72,
place = {United States},
year = {1999},
month = {9}
}