Author's details

Name: Chris Friedemann
Date registered: March 14, 2011

Latest posts

  1. Narrated Slideshow: neoSCAN Keeps Explorers Exploring — March 2, 2015
  2. Oil Price Impacts on Offshore Drilling — February 27, 2015
  3. neoSCAN in Action: Athabasca Uranium Deposits, Canada — February 26, 2015
  4. The neoSCAN – Keeps Explorers Exploring in a $50 Oil World — February 15, 2015
  5. Biggest Weekly Rig Count Decline Since 2000 — February 13, 2015

Most commented posts

  1. Hyperspectral 101 — 6 comments
  2. SEG Presentation: An Introduction to NEOS and Multi-Physics Interpretation in Oil & Gas Exploration — 6 comments
  3. Introducing Neil O’Sphere… — 6 comments
  4. Characterizing Unconventional Shale Reservoirs — 5 comments
  5. NEOS in the Marcellus Shale — 3 comments

Author's posts listings

Narrated Slideshow: neoSCAN Keeps Explorers Exploring


Low oil prices and tight budgets don’t mean you need to stop exploring. NEOS recently announced the launch of its second generation neoSCAN™ solution (click here to read the press release), an offering designed to keep explorers exploring even in a $50 oil world. Requiring no new data acquisition, the neoSCAN helps you get the most …

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Oil Price Impacts on Offshore Drilling

Fleet Status for Diamond Offshore
Red Lines = Recently Cancelled Rigs; Purple Rectangles = Stacked or Unutilized Rigs

I ran across an interesting article the other day that highlighted some of the impacts the recent oil price decline and budget cuts have had on the offshore drilling market.  It got me curious, so I pulled up the 10-K for Diamond Offshore (one of the largest offshore drilling contractors) which was referenced in the …

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neoSCAN in Action: Athabasca Uranium Deposits, Canada

Claim holdings in the Athabasca Basin, Saskatchewan, Canada

The Athabasca Basin is a 100,000 km2 region of northern Saskatchewan, Canada that is home to the world’s leading source of high-grade uranium. The basin is filled with sandstone sediment varying from 100 to 1,000 metres in depth. The uranium ore is mostly found at the base of this sandstone, at the point where it meets the basement. …

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The neoSCAN – Keeps Explorers Exploring in a $50 Oil World


This is an actual and recent quote from a Global Basin Studies manager at one of Europe’s most successful oil & gas exploration companies. And I’m sure he’s not the only one with this opinion. In fact, during the last oil price bust (in 2008-09) some of us heard similar things at our former employer …

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Biggest Weekly Rig Count Decline Since 2000

BHI Rig Count_02-13-2015

98 rigs were idled last week, the biggest weekly drop in the Baker Hughes Rig Count since 2000, with nearly half of that decline coming out of Texas alone! And take a look at this interesting picture below from NAPE.  It shows the number of wells earning their cost of capital at $100 (upper left), …

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Oil Prices: Is the Tide Turning?

Change in North America Land Rig Count (courtesy Baker Hughes)

In prior posts, we highlighted some of the reasons oil prices collapsed and, more importantly, opined on when we might begin to turn the corner. Based on some of the most recent Baker Hughes Rig Count data, it looks like the process has begun. Looking at the chart above, we see a dramatic fall off …

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First Look Data: Lebanon neoBASIN Program


NEOS has just released some First Look interpretive products from its Lebanon neoBASIN project. Originally scheduled for delivery in late March, the First Look products have actually been delivered to the project’s underwriters in early February, nearly 2 months ahead of schedule. Click here (or on the image above) to access the narrated slideshow which …

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Amazing Satellite Images from Around the World


To see more of these satellite images, click here or on the image above.

Oil Bust – Why Did It Start, When Might It End?

OPEC Market Share

A geoscientist from the Middle East recently shared the two charts in this post . I think they are both pretty intriguing and thought some Sweet Spots readers might as well. The chart above shows the degradation in OPEC market share as a result of the shale boom. From a recent peak market share of 44% …

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NEOS Article in E&P: What’s Lurking in Your Basement?


    An article – entitled, What’s Lurking in Your Basement – was just featured in the January 2015 issue of Hart’s E&P magazine. NEOS has been advocating a multi-physics approach to basement imaging for some time, as variations in basement topography, faulting, and composition can all play a big role in influencing source rock …

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