content_image/264786.jpg
gas liquids (NGLs) are at multi-decade highs and have passed 10 million barrels of liquids production per day. These totals surpass the daily production of Saudi Arabia and are second only to Russia. Production of natural gas, bolstered by producing horizontal wells, is also at an all-time high. This timing is fortunate because U.S. energy demand is at a five-year high. 

Core Laboratories is playing an active and important role in furthering the “Energy Industry Renaissance: The Horizontal Well,” the title of this year’s Annual Report, by providing cutting-edge technologies that optimize daily hydrocarbon production and maximize total hydrocarbon recovery rates over the life of the well. 

For Core’s Reservoir Description operations, hundreds of thousands of feet of shale reservoir rock have been cored, and thousands of reservoir fluid samples — the oil, natural gas, NGLs, and water — have been collected. Core analyzes the rocks and fluids to determine reservoir quality and the best locations for the horizontal well- bores and frac stages. 

The Company’s Production Enhancement operations have introduced mission-critical technologies to ensure maximum flow and hydrocarbon recovery rates. These new technologies include the FlowProfiler ™  service, the Kodiak ™  perforating system, and Zero-180 ™  orienting systems, among others. 

Core’s Reservoir Management operations have conducted detailed studies of uncon- ventional tight-oil shale reservoirs around the globe. These regional studies have been used to locate “sweet spots,” where the most profitable developments can be realized. Reservoir Management has assembled the largest data sets (“Big Data”) in the world for unconventional reservoirs. The Big Data is stored on Core’s secure internal computer cloud, which can be accessed by our worldwide clients for further development of their unconventional holdings. 

As unconventional plays begin to be developed outside North America, Core will deliver the experience and proven technologies to help our clients become even more successful. Core Laboratories will play a critical role in unconventional reservoir technology for decades to come. Consequently, our shareholders will continue to be rewarded. 

At year’s end, Core’s mar- ket capitalization exceeded $8.5 billion, after touching $9 billion months earlier. 

<img src='content_image/264786.jpg'>

