Oil prices are back up to their highest levels in more than three years, and U.S. production has topped record levels. But as of May, nationwide oil and gas employment had fallen 21% since 2014.⠀ ⠀ For decades, high-school graduates could jump into a job on a drilling rig with few technical skills and expect a well-paid career. The allure of the often dangerous life of a roughneck attracted generations of workers from Oklahoma to Wyoming, but now technology is upending the energy business. ⠀ ⠀ The energy sector had been shielded from pressure to innovate by high oil prices. When prices fell 75% over 20 months beginning in 2014, oil and gas companies were finally forced to modernize to squeeze out profits. Many found they could use new technologies to do the work better and cheaper—with fewer people. They have invested billions of dollars on what the industry dubs "digital oil fields," embracing artificial intelligence, automation and other technologies.⠀ ⠀ In Wamsutter, Wyo., BP built a 47,000-square-foot command hub a decade ago meant to house 300 workers monitoring about 2,000 wells. The company's subsequent embrace of technology, such as drones equipped with infrared imaging to determine which oil tanks are full, has allowed it to reduce its head count there to about 100. ⠀ ⠀ BP built the town's park, health clinic and day-care center. The cafeteria in the command hub used to be the best dining option. It is now closed, and funding has dried up for other civic projects, residents said.⠀ ⠀ "It was going to be the greatest thing on earth," said Bobbie Amos, who works in the town library. "Everything was going to run in Wamsutter, but now here we are."⠀ ⠀ Read more at the link in our bio. ⠀ ⠀ ?: @nickcotephoto for @wsjphotos

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Wall Street Journalのインスタグラム(wsj) - 7月11日 07時57分


Oil prices are back up to their highest levels in more than three years, and U.S. production has topped record levels. But as of May, nationwide oil and gas employment had fallen 21% since 2014.⠀

For decades, high-school graduates could jump into a job on a drilling rig with few technical skills and expect a well-paid career. The allure of the often dangerous life of a roughneck attracted generations of workers from Oklahoma to Wyoming, but now technology is upending the energy business. ⠀

The energy sector had been shielded from pressure to innovate by high oil prices. When prices fell 75% over 20 months beginning in 2014, oil and gas companies were finally forced to modernize to squeeze out profits. Many found they could use new technologies to do the work better and cheaper—with fewer people. They have invested billions of dollars on what the industry dubs "digital oil fields," embracing artificial intelligence, automation and other technologies.⠀

In Wamsutter, Wyo., BP built a 47,000-square-foot command hub a decade ago meant to house 300 workers monitoring about 2,000 wells. The company's subsequent embrace of technology, such as drones equipped with infrared imaging to determine which oil tanks are full, has allowed it to reduce its head count there to about 100. ⠀

BP built the town's park, health clinic and day-care center. The cafeteria in the command hub used to be the best dining option. It is now closed, and funding has dried up for other civic projects, residents said.⠀

"It was going to be the greatest thing on earth," said Bobbie Amos, who works in the town library. "Everything was going to run in Wamsutter, but now here we are."⠀

Read more at the link in our bio. ⠀

?: @nickcotephoto for @wsjphotos


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