Monthly Archives: July 2015


New Study Reveals Utica Shale Holds Gigantic Natural Gas Deposits

New Study Reveals Utica Shale Holds Gigantic Natural Gas Deposits

A new study from West Virginia University (WVU) reveals that the amount of resources stored within the Utica Shale play is significantly larger than previously estimated, signaling huge news for the U.S. oil and gas industry. According to a July 14 Pittsburgh Post-Gazette article, the study estimates that the total Utica Shale play could hold recoverable volumes as large as 782 trillion cubic feet of...

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Oklahoma Expands Oil, Gas Drilling Regulations to Prevent Earthquakes

Oklahoma Expands Oil, Gas Drilling Regulations to Prevent Earthquakes

Oklahoma is revising and expanding its oil and gas regulations in response to a sharp rise in earthquakes across the state which has damaged homes and spurred concerns regarding the state’s energy industry. However, the broadened rules fall short of the more drastic measures that had been expected after last month brought an influx of significant earthquakes. According to a July 17 Reuters report, Oklahoma...

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The 3 Most Vital Tips for Safely Setting Up the Drill Rig Substructure

The 3 Most Vital Tips for Safely Setting Up the Drill Rig Substructure

The U.S. oil industry is reaching some of its highest production levels in history. It’s no surprise that American oil and gas companies added 4.5 billion barrels of crude oil and lease condensate proved reserves in 2012 — a 15.4% increase from 2011 and the largest year-over-year increase since 1970. These days, the oil and gas industry helps supply 9.8 million jobs, and there are...

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U.S. Oil Producers On Track to Reach an Incredible 45-Year High

U.S. Oil Producers On Track to Reach an Incredible 45-Year High

For U.S. oil producers, 2015 is well on its way to becoming the most productive year for crude oil output in 45 years. On Tuesday, July 7, the Energy Information Administration (EIA) released its forecast for the rest of the year’s oil output, which states that production will hover around 9.5 million barrels per day through the end of the year. During the first half...

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How the Oil Industry is Helping California’s Farmers Endure the Drought

How the Oil Industry is Helping California’s Farmers Endure the Drought

With California well into its fourth year of historic drought, water has never been more scarce for the state’s millions of inhabitants. Rivers and lakes run bone-dry; much of the state’s lush plant life has succumbed to soil so dry it could blow away in the wind. For California’s farmers, who supply 80% of the country’s fruits and vegetables, the continuing drought poses a huge...

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Dragon Products, LTD Opens Largest Used Equipment Yard to Date

Dragon Products, LTD Opens Largest Used Equipment Yard to Date

Oilfield equipment manufacturer unveils its largest used equipment yard to date to allow customers to purchase used equipment on a direct sale or consignment basis. Midland, TX — On July 1, veteran oilfield equipment manufacturer Dragon Products, LTD opened its largest used and surplus equipment yard to date at 7400 West Interstate 20, Midland, TX. Customers will now be able to purchase and sell used...

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