A recent update of a study conducted last year for the National Association of Manufacturers (NAM) verifies what many people feared – proposed EPA ozone regulations could be the most expensive in U.S. history, hurting businesses, workers, and American families alike. Data compiled by National Economic Research Associates show that lowering already tight ozone standards could … Continued
The oil industry can’t seem to win. When the supply was down and heavily dependent on foreign imports, it was their fault for high prices. Now that the supply is increasing and prices are falling, it is somehow a bad thing because there is too much oil. Is that really the case? The Associated Press … Continued
The oil industry has certainly experienced its share of ups and downs. Booming one month, tight the next, seems to be the order of business as of late. Speculation of $30 a barrel oil means more layoffs and leaner times. The real question is, “What do drillers do to survive as the profits disappear?” While … Continued
Hope and change. Yes we can. The American public was sold a bill of goods twice now that had positive buzzwords and slogans. We were told over the last six years that it wasn’t the Obama administration that was being obstructive, but those nasty Republicans in congress. Seems now that the public has spoken and … Continued
Remember a time before there was an internet? Back when we didn’t need to read the vitriol and hatred that a seemingly endless sea of people loves tossing at whatever topic of the day that they have decided to hate? Well, since we can’t roll back the clock to a time before the internet (and really … Continued
The recent decrease in oil prices has been great for consumers paying for gas at the pump, but it has devastated the oilfields in the Midwestern United States. Earlier this week, Challenger, Gray and Christmas, the oldest outplacement firm in the United States, reported their prediction for unemployment numbers to skyrocket to their highest numbers … Continued
Helmerich & Payne Inc announced that they are going to cut the number of active rigs down to a total of 240 in the next month. H&P are not the only company to announce plans to cut the number of active rigs and employees that run them. How is this possible when the oil and drilling … Continued
The North Dakota state Department of Health is proposing an increase on the radioactivity levels of technologically enhanced naturally occurring radioactive material, or TENORM as it is more commonly known. These rules have yet to take effect; there are still three public hearings scheduled for early 2015. The department of health is also accepting any … Continued
Downhole fluids, no doubt play an important role in a well’s success and in its failure. Finding new ways to improve drilling fluid performance is now more important than ever as the industry presses to expand into difficult drilling territories. Here are a few tips for improving drilling fluid performance. Minimizing Pressure Work to minimize … Continued
Saudi oil producers are expressing their displeasure at having competition by driving the prices of oil down to put the squeeze on US shale producers. Is US production really a threat to Saudi interests? Can the Saudis drive the prices to a point that US shale production will slow or stop? A History of Playing … Continued