“Clouds are Forming……” – JPT Reprint

Posted on September 7th, 2017 by Chip Davis

Untitled drawing (1)The upstream energy industry has forever constructed itself to “plan for failure.” This mode of operation has implicit to it a set of expense and capitalization challenges that can inflict serious damage on shareholders in certain circumstances. The advent of cloud-computing has presented the industry with a means to alter its strategy for managing the risk of failure.  This article from the Journal of Petroleum Technology (“JPT”) reflects its take on the changes in industry perceptions and behavior on the use of “cloud.” Our own market observations are similar to those cited by JPT.  While the industry may move relatively slowly compared to others, its movements are, when they occur, gigantic.


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