George P. Bush Stresses Innovation and Ingenuity During Oil Downturn

IJ Staff, February 19, 2015

This week at a luncheon for the Mexico Shale Summit, George P. Bush spoke to a group of energy producers about the importance of ingenuity and innovation during this period of low oil prices, which he referred to as a market "correction." The Texas Land Commissioner stressed that now is the time for oil companies to innovate and reduce production costs and to do that, ingenuity is paramount. 

While he was speaking directly to field-service companies and oil producers, the energy industry at large should take note of Bush's sentiments, including midstream and downstream operators. New technologies and methodologies are available that could have an immediate impact on the efficiency and reliability of existing operations. Advancements in inspection and maintenance technologies, engineering practices, and software applications are being unveiled every day. Many companies who haven't slowed down to investigate ways to improve operating efficiencies now have a prime opportunity to do so. Others won't have a choice if they want to survive.


You can read more about George P. Bush's speech and the Mexico Shale Summit by clicking here


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