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Posts Tagged ‘oil rig’

Vortex Tools shares a graphic of the oil rig developments rising up since 2011, then rapidly declining in early 2015.

Over the last six months, I’ve shared a few posts on the impact of low oil prices (see here, here, and here).  However, since a picture is worth a thousand words, here’s the steep drop in active rigs in a graph. Yet thanks to modern efficiency, you’ll notice oil production continues to climb:

active rigs v oil production

If a picture is worth a thousand words how much is an animation worth? Head over to Bloomberg to watch an animation of the US-wide oil rig count falling by over 45% from 1,595 rigs in October 2014 to 866 rigs in March 2015.

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Colin McKay Miller is the VP of Marketing for the SpiroFlo Holdings group of companies:

SpiroFlo for residential hot water savings (delivered 35% faster with up to a 5% volume savings on every hot water outlet in the home), industrial water purification (biofilm removal), and reduced water pumping costs.

Vortex Tools for extending the life of oil and gas wells (recovering up to 10 times more NGLs, reducing flowback startup times, replacing VRUs, eliminating paraffin and freezing in winter, etc.).

Ecotech for cost-effective non-thermal drying (for coal, biosolids, sugar beets, dairy waste, etc.) and safe movement of materials (including potash and soda ash).

 

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