Millennials have historically been completely opposed to the use of oil and gas and other fossil fuels, instead attempting to promote “cleaner” energy sources such as solar power. But much of this comes from assumptions that are made regarding the oil and gas industry and may not necessarily be true… and for the good of the … Continued
In the United States, the domestic oil industry has just achieved its strongest week of the year, which means good things for the oil industry and the rebounding economy. Though there were initially some fears throughout the industry regarding the ramped up oil production, these fears have mostly been addressed and the price per barrel has … Continued
Swabbing is an excellent way for businesses to increase the useful lifespan of a well while also reducing their own costs and any associated impact on the environment. Swabbing is used in conjunction with methods such as hydraulic fracturing (“fracking“), in order to recover more from the well. Understanding this process is vital to improving the … Continued
The United States oil rig count continues to climb, as well as the rig count in Canada. As of mid-June, the rig count has grown by six week-over-week, with 22 straight weeks of growth. But this growth is also being matched by Canada, which raises some questions regarding how the future of the oil and gas … Continued
Buying a swab rig is a major investment. Whether you’ve decided to purchase a used, reconditioned, or new rig, there are some questions you’re going to have to ask yourself about your needs and your budget. Though you should always consult with a professional before actually committing to a purchase, you can begin your planning … Continued
The U.S. rig count is currently up to 927 units, according to Baker Hughes, which is an increase of 11 over the past week. Historically, U.S. rig count is generally used as a direct prediction of enthusiasm and strength within the oil and gas market, as it correlates to whether or not businesses are actively … Continued
It’s official: the oil and gas industry in the United States is going to continue growing, even as OPEC cuts its own production. Oil and gas in Texas has increased for the fifth month as of April, and it’s likely that these increases are going to flow through to May and June once the reports … Continued
The Dakota Access Pipeline has been a controversial development for the last few years. Both environmental groups and Native American tribes protested against the use of this pipeline, under the belief that it could adversely impact the environment. However, this $3.8 billion project is very likely to vastly improve upon oil and gas operations throughout … Continued
United States domestic oil production continues to both grow and exceed forecasted amounts. Though this could drive down prices, this may not necessarily be a negative for the market. Technological improvements and cost savings have been cited as a major reason for this growth. This growth is likely to continue for the foreseeable future and will bring … Continued
Domestic oil production has increased steadily throughout 2017, with the U.S. Energy Information Administration raising its 2017 forecast for production and lowering its outlooks regarding price. Oil production and oil price is closely linked, though demand remains high and growing. As U.S. oil producers continue to raise production, per barrel prices may go down. What … Continued