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Editor’s Note: Some of you may remember Joe Austin from last week. He’s a Wall Street veteran who has spent decades studying how technology changes the way businesses operate, and he works alongside Marc Chaikin at our affiliate, Chaikin Analytics.
Joe has been looking at a place most investors don’t associate with AI: the oil and gas industry. But something interesting is happening.
Over the last few years, U.S. oil producers have been drilling with fewer rigs while still increasing production. That’s the kind of productivity gain that gets my attention.
In today’s guest essay, Joe explains how AI is helping companies make faster decisions, improve efficiency and get more out of existing operations. And what he’s seeing in oil and gas may be happening in other industries, too.
