In 2015, India Projected to Lead the Way in the Steel Industry’s Resurgence

In 2015, India Projected to Lead the Way in the Steel Industry’s Resurgence

Oilfield equipment and industrial equipment manufacturers rely on one raw material above all to produce their equipment: steel. Understanding the fluctuations and trends of the steel market is an essential part of any industrial equipment manufacturer‘s job, whether they’re working with oil field products or any other type of equipment. So as 2015 gets off to a start, what can you expect to see happening...

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The 3 Biggest Advantages of Tracking Your Oilfield Tanks

The 3 Biggest Advantages of Tracking Your Oilfield Tanks

Across the U.S., oil and gas producers are busier than ever. With more than 9.8 million Americans working in this industry, it’s hardly surprising to discover that 8% of the U.S. economy relies on oil and natural gas. A major part of field operations at any drilling enterprise is, of course, storing the oil and natural gas that’s sourced from the earth. And with global...

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Why the U.S. is On the Verge of Becoming a Leading Natural Gas Exporter

Why the U.S. is On the Verge of Becoming a Leading Natural Gas Exporter

The U.S. may soon surpass its competitors to become one of the largest natural gas suppliers in the world, experts claim. However, the American oil and gas industry still faces stiff competition from its main rivals in the $120 billion liquefied natural gas (LNG) export sector, including Qatar, Australia and rising natural gas producers in East Africa. According to an August 3 Washington Times article,...

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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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The EPA Finally Released Its Findings on Fracking and Drinking Water — and You Won’t Believe What They Found

The EPA Finally Released Its Findings on Fracking and Drinking Water — and You Won’t Believe What They Found

After decades of speculation and debate over its impacts on public drinking water supplies, the Environmental Protection Agency (EPA) has finally revealed that hydraulic stimulation and fracturing has a negligible impact on drinking water in the U.S. According to Forbes, the EPA’s five-year study of hydraulic fracturing, or fracking, examined more than 950 pieces of information, from published papers to technical reports. While the agency...

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New Study Reveals Fracking’s Effects on Air Quality Not as Harmful as Expected

New Study Reveals Fracking’s Effects on Air Quality Not as Harmful as Expected

In another finding that supports continued hydraulic stimulation and fracturing in the Marcellus Shale, a new study has found that the effects of fracking on air quality near shale drilling sites is not as bad as previously predicted. The findings, published in the journal Environmental Science and Technology by a group of Drexel University researchers, revealed that air quality in and around fracking wells drilled...

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Not Just for Natural Gas: New Shale Technologies Could Tap Into Billions of Barrels of Oil Worldwide

Not Just for Natural Gas: New Shale Technologies Could Tap Into Billions of Barrels of Oil Worldwide

The same drilling technologies that helped foster the U.S. shale boom could help unlock as much as 141 billion barrels of crude oil outside North America, new reports say. According to a May 18 Oil and Gas Investor article, techniques like horizontal drilling and hydraulic stimulation and fracturing could extract these significant stores of oil from more than 170 mature oil plays worldwide. Currently, there...

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Texas Governor Acts to Protect Fracking From Local Municipalities

Texas Governor Acts to Protect Fracking From Local Municipalities

In a move to protect oil and gas companies operating within the state of Texas, Republican Gov. Greg Abbott recently signed a law that prohibits cities and towns from banning hydraulic fracturing, or “fracking.” The law also makes it next-to-impossible for municipal and county governments to dictate where drilling equipment and production rigs can be set up, according to a May 18 Wall Street Journal...

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Iran to Take the Reins in Domestic Oil and Gas Drilling Projects

Iran to Take the Reins in Domestic Oil and Gas Drilling Projects

New reports indicate that Iran may have the resources needed to expand its domestic oil and gas drilling projects significantly in the near future. According to a December 27 Mehr News Agency article, Dariush Raeisi, a senior official from the National Iranian Drilling Company (NIDC), has stated that Iran is even capable of manufacturing its own oilfield equipment and drilling rig systems. Until now, Iran...

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Offshore Technology Conference 2015 Unveils Innovations in Oil and Gas Industry

Offshore Technology Conference 2015 Unveils Innovations in Oil and Gas Industry

At this year’s Offshore Technology Conference, General Electric executives revealed that the use of smart sensors and Big Data analytics could allow oil and gas companies to produce an additional 80 billion barrels of oil worldwide — some three years’ worth of global crude supply. According to FuelFix, GE was just one of the many companies from all parts of the globe showing off the...

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Three Reasons Why the U.S. Shale Industry is Thriving While Oil Prices Are Low

Three Reasons Why the U.S. Shale Industry is Thriving While Oil Prices Are Low

It’s been one of the biggest headlines throughout recent months — the global oil environment continues to be plagued with low prices per barrel. Yet for the U.S. shale drilling industry — which sources oil and natural gas from the rich shale fields of Texas and North Dakota — these low prices are actually proving to be beneficial. Subsequently, U.S. shale is proving to be...

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U.S. Projected to Become a Net Energy Exporter, Thanks to Shale Boom

U.S. Projected to Become a Net Energy Exporter, Thanks to Shale Boom

As the ongoing shale boom continues to bolster production in the oil and gas industry, experts are predicting that the U.S. will become a net energy exporter within 15 years — the first time the country has managed to do so in its history. Since the 1950s, the U.S. has been a net importer of energy, meaning it has primarily relied on imports of oil...

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Dragon Products, LTD Opens New Pump Testing Facility

Dragon Products, LTD Opens New Pump Testing Facility

Oilfield equipment manufacturer continues to expand its customer focused solutions and services with a new pump testing facility in Odessa, TX. Odessa, TX — Energy and industrial equipment manufacturer Dragon Products, LTD recently opened its new pump testing facility, located at the Dragon West Texas location at 2394 Catlin Street, Odessa. Mike Whirley, General Manager of Dragon West Texas, says this facility will allow Dragon...

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Exxon to Heavily Invest in U.S. Shale With 16 New Drilling Projects

Exxon to Heavily Invest in U.S. Shale With 16 New Drilling Projects

On Wednesday, March 4, Exxon Mobil Corp. announced an ambitious long-term plan to invest heavily in the shale fields of Texas, North Dakota and Oklahoma as a means to spur revival throughout the oil and gas industry. According to the Dallas Business Journal, Exxon, the world’s largest oil company, plans to start 16 new oil and gas projects throughout the next three years, regardless of...

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Why U.S. Shale is More Resilient for the Oil & Gas Drilling Industry

Why U.S. Shale is More Resilient for the Oil & Gas Drilling Industry

News of oil and gas’ alleged demise continue to emblazon headlines around the world — but when it comes to the long-term picture, this industry might be much more resilient and capable of growth than previously thought possible. According to a March 15 Financial Times article, U.S. oil drilling rig systems have already begun to level off after the decline that began last summer, rather...

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Dragon Products, LTD Now Offering RANCO Anvil Aluminum End Dump Trailers

Dragon Products, LTD adds RANCO Anvil Aluminum End Dump Trailers to its line-up of comprehensive oilfield equipment, continuing to give customers the best selection available LaPorte, TX — Dragon Products, LTD, an industrial equipment manufacturer specializing in oil and gas drilling products, has announced that it will sell the RANCO Anvil Aluminum End Dump Trailer starting March 10, 2015. According to Todd Henning, Vice President...

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Sunoco Report: Oil & Gas Rigs Along Marcellus Shale Could Pump $4.2 Billion into Pennsylvania Economy

Sunoco Report: Oil & Gas Rigs Along Marcellus Shale Could Pump $4.2 Billion into Pennsylvania Economy

A new report from Sunoco Logistics reveals that the presence of oil and gas production rigs along the Marcellus Shale could pump as much as $4.2 billion in investments into the Pennsylvania state economy. According to a February 6 Mercury News article, the study found that the two planned phases of the Mariner East pipeline project, which will drill the Marcellus Shale’s rich reserves, will...

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3 Ways You Can Prevent Fuel Tank Spills, Leaks & Contamination

3 Ways You Can Prevent Fuel Tank Spills, Leaks & Contamination

The U.S. oil industry is one of its economy’s most thriving sectors — and with enough oil reserves on hand to last for another 53.3 years of production, it’s showing no sign of slowing. Currently, oil and gas production in the U.S. is at its highest output in history. Over the last 10 years or so, the number of proven oil reserves worldwide has increased...

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A Beginner’s Guide to Oil Drilling Equipment in the Oil & Gas Industry

A Beginner’s Guide to Oil Drilling Equipment in the Oil & Gas Industry

The American oil and gas industry plays a huge role in our everyday lives and in the national economy. This industry employs 9.8 million Americans — a number that continues to grow — and makes up approximately 8% of the U.S. economy. And with global proved oil reserves growing by an amazing 27% over the last decade, the market for oil and gas is showing...

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The Latest LPG Transport Trailer from Dragon Products, LTD

The Latest LPG Transport Trailer from Dragon Products, LTD

In an effort to continue to provide the highest-quality equipment to its customers, Dragon Products, LTD will now be offering a new LPG transport trailer As of February 23, 2015, Dragon Products, LTD will be selling an exclusive new 10,600-gallon LPG transport trailer to make transporting oil and gas even easier for its customers. Todd Henning, VP of Northwest Sales, says these new LPG, anhydrous ammonia, and...

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Proposed Atlantic Coast Pipeline Could Save Consumers $377 Million in Annual Energy Costs

Proposed Atlantic Coast Pipeline Could Save Consumers $377 Million in Annual Energy Costs

A new report reveals that the proposed Atlantic Coast Pipeline could save consumers and businesses as much as $377 million in energy expenses each year. According to the Richmond Times-Dispatch, the pipeline would slash energy costs by making natural gas more available, driving down prices for utilities in the process, the ICF International study states. These cost savings would translate to business growth, increased consumer...

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White House Plan to Cut Methane Emissions is Good News for Oilfield Equipment Manufacturers

White House Plan to Cut Methane Emissions is Good News for Oilfield Equipment Manufacturers

Last month, the Obama administration announced a plan to cut methane emissions and combat climate change with a sweeping set of regulations on the oil and gas industry — and these regulations could give a major boost to oilfield equipment and industrial equipment manufacturers. According to a January 14 FuelFix article, the massive oil and gas industry, which employs 9.8 million Americans and makes up...

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All You Need to Know About the Three Sectors of the Oil and Gas Industry

All You Need to Know About the Three Sectors of the Oil and Gas Industry

The oil and gas industry is one of America’s biggest economic driving forces — and currently, the U.S. is the biggest producer of natural gas on earth, and one of the largest oil-producing countries. With such a massive industry comes a great number of interesting nuances and different jobs that can be performed. There might actually be much more to oil production rigs and the...

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Lightweight Roll-Off Containers Available form Lathrop Facility in California

Lightweight Roll-Off Containers Available form Lathrop Facility in California

La Porte, TX – January 12, 2015 — This month, Dragon Products, LTD will be introducing an all-new product to its customers — a liquid-tight container boasting lightweight design and compatibility with Dragon Products’ line of roll-off trailers, which provides a freight competitive solution for west coast customers. Todd Henning, Dragon’s Vice President of Northwest Sales, says, “The environmental container is ideal for liquid waste...

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