Based in Hialeah, Florida, MacMillan Oil Company distributes oil throughout the central and southern parts of the state. Established in 1951, MacMillan Oil Company has grown significantly, now serving retail, industrial, agricultural, and government interests-to name a few.
In recent years, the usually embattled industry has experienced a boom, and technology has influenced much of this growth.
Through technology, companies have employed fracking, AI, machine learning, and cloud computing to become more efficient and generate more oil. Fracking has been around for a few years, and its main benefit to oil producers is that it allows them to drill far beneath the earth’s surface to harvest oil. This technology has allowed companies to drill in places that would be too expensive to harvest without assistance.
More recently, AI, machine learning, and cloud computing have created systems that function more efficiently. For example, AI technologies provide companies with the ability to prevent the loss of billions because of equipment outages. Moreover, machine learning technology allowed one company to reduce electricity costs simply through technology that would detect the change in weather. Right now, companies use cloud computing to integrate technologies leading to greater innovation within the industry.
Macmillan Oil Company 