The U.S. Energy Information Administration has reported an increase of 1,003,000 barrels per day (11.8%) year-over-year from 2016, reaching an all-time high for domestic oil production and a significant rebound from the low four years prior. Crude oil prices have been increasing throughout 2017, bolstering the market, as demand has continued to rise and production … Continued
Oil and gas rig counts are frequently used throughout the oil and gas industry as a metric of consumer confidence. For many, the oil and gas rig counts are currently indicating an optimistic path forward for energy-related companies. But what exactly does the oil and gas count mean for both companies and investors? Here’s what … Continued
Tiger General encourages you to bring your production roaring back with one session with your new Swab Master Machines. Join the successful teams that maintain production for a fraction of the costs of coiled tubing or workover rigs. Swabbing doesn’t Cost… It PAYS! The all hydraulic “Swab Master” Swabbing rigs are fast, powerful, easy to … Continued
August of 2017 saw oil production throughout North Dakota rise, with a 3.5% oil production increase and a 2.5% gas production increase month-over-month. North Dakota is the second largest oil producer in the country. In July of 2017, North Dakota alone bumped 1.048 million barrels of crude oil per day. In August of 2017, this … Continued
Oil and gas wells produce fluid over the lifetime of a well. When a well is first drilled, it is “fracked” to help open productions zones. “Fracked” fluids are recovered by swabbing to “kick” the well off. As fluids are lifted, the bottom hole pressure pushes the gas and/or oil up and out the well. … Continued
Offshore drilling is an extremely positive enterprise that has advantages for many involved in the industry. Because of these benefits, many companies are continuing to engage in offshore drilling by growing and expanding. Other companies may be getting involved on the periphery of the industry as well, providing products and services to those within the … Continued
As of October, the United States has seen an increase in the overall U.S. oil rig count, which has, historically, been a reliable indicator of the current success and performance of the crude oil market. A total of 940 rigs were engaged in exploring for natural gas and oil as of September 29th, with an … Continued
Industry analysts are expecting a major leap ahead for U.S. exports. This leap is related to a ramp up in oil production that has now virtually eliminated reliance upon foreign oil and exceeded domestic demand. Through increased oil export, the U.S. is positioned to become a major energy power, and to impact and control the … Continued
Historically it’s been believed that offshore oil and gas production could ultimately hurt both the energy market and the environment. However, the inverse is true; not only does offshore oil and gas stimulate the economy, but also it actually presents benefits to the environment in addition to a stable and reliable energy resource. Offshore … Continued
Gas prices are going up across the nation, but these prices aren’t due to “big oil.” In fact, big oil has been doing all that it can to provide more oil and affordable oil to the domestic market. Instead, gas prices are likely to go up following substantial disasters that have occurred due to Hurricane Harvey and … Continued