In 1978 we delivered our first Direct Drive Hydraulic Swab Machine. It took us until 1988 to deliver dependable machines that offered everything we said they would. If anyone was ever unsatisfied, we would buy them back. We never bought any back – Most of the early hydraulic machines are still working today. Tiger General’s … Continued
Oil production is on the rebound in North Dakota, with over 1 million barrels a day being produced throughout October. Increased oil production domestically is likely for a variety of global factors, and is a significant indicator of a strong market. In the meantime, however, there may be a brief slowdown during the harshest months … Continued
Oil production within the Permian Basin has continued to steadily rise throughout 2016, chiefly due to horizontal drilling. It’s believed that Permian production will continue to rise throughout 2017, as the region is plentiful and the cost of both natural gas and crude oil is increasing. Multiple operators have a vested interest in Permian Basin … Continued
In a move that could have significant consequences for the American oil market, OPEC has recently altered its global oil strategy. Influenced heavily by Saudi Arabia, the OPEC nations made a bid two years ago to drastically and artificially reduce oil prices. The global market was flooded with affordable crude oil, which was both a … Continued
The US oil rig count is providing a positive forecast in terms of confidence within the oil and gas industry, likely due to current political changes and a steadily increasing demand for global energy. As the US oil rig count increases, so does the production of domestic oil and gas. It’s believed that the oil … Continued
Up until recently, many experts have been speculating on what would occur within the oil and gas industry throughout the rest of 2016. Experts believed that the oil and gas industry would continue to slowly recover throughout 2016, and they were largely correct; oil prices have begun to rise again. But the election of Donald … Continued
Gas storage levels within the United States have currently reached a record high, at 47 billion cubic feet more than a year-over-year comparison. These gas storage levels are 189 billion cubic feet over the five year average. This is good news for the United States, which thrives on affordable natural gas energy. Throughout the country, … Continued
Not only is Russia not intending to slow down its oil production, but its oil production is actively increasing. In the past few years, oil prices have gone down significantly as a consequence of the flooded market. Though OPEC countries have been the primary source of these issues, non-OPEC countries have also significantly ramped up … Continued
The oil industry has always been focused on innovation through technology. By adopting new technologies, oil and gas companies are able to significantly lower their production costs. This improves upon profit margins while still enabling crude oil and natural gas to remain cost-effective for the domestic economy. A Shift in the Global Energy Market Just … Continued
Though oil prices have fallen, it’s believed that United States oil production will continue to grow and expand. Not only do the country’s energy needs require increased production, but prices have begun to rebound and are expected to recover through 2017. In the United States, oil production has been increasing despite shifts within the global … Continued