For the most part, 2019 forecasts for the oil and gas industry are looking good. However, there are few key factors that will require some strategic adaptations in order to maintain higher levels of profitability as we move into the next fiscal year. EIA Projects Gains Across the Industry. According to the Energy Information … Continued
Well, the projections for oil and gas are out from the U.S. Energy Information Administration for the short term, which means we have oil and gas projections for this fall. Oil and gas is what runs our country, so pay close attention to how the market affects our profits and the economy. Let me get … Continued
You’ve Got to Swab Your Well As you know, regular swabbing means better production and a longer life for your well. Natural gas and oil wells experience build-up along the walls that can reduce the flow of the resource out of the well. Regular swabbing prevents this, and keeps your rig up and working when … Continued
It’s hard to ever imagine the United States without oil and gas. We use gas and oil to heat our homes; we use petroleum distilled from oil to run our vehicles and various light machinery; and we use oil and gas to power our cities. In fact, I can’t imagine what our world would be … Continued
A complex and vital industry, oil and gas require specialized trucks in order to efficiently complete the process of extracting these elements out of nature. Understanding the differences between the various rigs and trucks helps clarify the important roles they play during this process. Swab Rigs The purpose of a swab rig is easy to … Continued
Swabbing a well makes good business sense, and is an art form unto itself. A regular swabbing program can wring a few more years of production out of old wells, and can also increase production on newer, more active wells. Either way, this means more money for your business. That makes the investment into swabbing … Continued
After nearly eight years of price declines and regulatory burdens, the domestic oil and gas industry has experienced two years of growth and expansion. Oil prices have more than doubled since hitting a low of nearly $30 per barrel in January 2016. American oil and gas companies have increased their capital spending by nearly … Continued
Gas prices go up and down, seemingly arbitrarily. But the fluctuations have a point, and there are reasons behind them. So what’s really driving the price? Most people think it’s the price of oil, but that’s only part of the issue. There are several things that affect gas prices and they aren’t tied to the … Continued
In the past, the rig count was a strong measure of the success of the oil and gas industry. But is it still relevant today? Despite what some on the Left are saying, the oil and gas rig count is still highly important. Higher rig counts are much better for the economy mainly because rigs … Continued
There are few constants in the world, but one exception is the demand for oil. There are so many things that we rely on that require oil. We use oil in our homes, businesses and pretty much anywhere that requires some sort of energy. Sure, there are other options like solar, but as of right … Continued