Old, but still valuable:
Can new applications of old technology lead to a pot of gold?
Small companies are betting yes.
courtesy of Dale Kleppen
sophisticated E&P tools have proven to work near-miracles in
much of the oil patch -- but high-tech applications usually carry
a correspondingly high price tag that would break the budget of
the increasing numbers of small companies dotting the landscape.
have to be a "bad thing."
some of the bigger entities with deeper pockets purposely eschew
the glitzy hydrocarbon-finding tools in certain instances, instead
using old-style, tried and true methods.
approach is people intensive, but the payoff can be substantial.
two examples of how old technology is succeeding via new applications.