This is why oil and gas companies are using fiber optics in their wells

For the past year, oil and gas companies have been faced with an increasingly difficult situation. Oil prices have plunged from over $100 per barrel in July 2014 to under half that at times this year. Some analysts predict prices will remain low, or could dive even lower. To help weather the storm, some companies are turning to big data and analytics. Part of the drop in prices has come from the spike in oil production. The US has gone from pumping 5.4 million barrels a day in 2009 to 8.7 millio...