US oil and natural gas production are currently experiencing an unprecedented era of growth. This is largely due to the Texas oilfield basins and new developments in the extraction technologies applied. With new extraction methods, the region has doubled its daily production over the last decade. With increases in the world’s demand for oil, higher …
Sucker rods ensure that well production continues long after completions. However, the grade of steel that is used to manufacture a sucker rod is highly prone to corrosion. In fact, about one-half of reported failures were determined to be due to corrosion. Whether pumpers use these rods onshore or offshore, as a core component in …
The Oil Country Tubular Goods (OCTG) industry relies on many market factors, with oil prices not surprisingly being the primary indicator. As the price of crude oil rises or falls, producers cap or commission wells accordingly. A balance between the cost of production and a fair market price keeps OCTG producers on their toes. At …
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API standards and specifications are very important factors that can affect the success of your company operations. This is especially true if your company is engaged in the oil and gas production or drilling industries. As a matter of fact, API specifications refer to criteria for OCTG set by the American Petroleum Institute (API). In …
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It can be mind-boggling the amount of oil that offshore oil rigs produce each month and year. And as it stands, the United States remains the top producer of oil and gas worldwide. Besides, it looks like the U.S. has made history once again in April of 2019. Crude oil production and lease condensate in …
Many factors directly impact energy production. Four of the most significant influencers are the global economy, politics, consumption, and energy availability. The question is… ‘Which of these factors influence energy outcome expectations the most?’ In this article, you will gain insights into each of these influential factors, as well as have an opportunity to share …
Leading up to 2019, the oil and gas growth in the United States has steadily increased. Most of this growth has been attributed to an area known as the Permian Basin in West Texas. In fact, more than 40 percent of America’s active oil rigs are in this region. However, when it comes to sustainable …
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