Dragon Products http://dragonproductsltd.com Fri, 03 Jun 2016 19:04:02 +0000 en-US hourly 1 Dragon Products has the Largest Inventory of Frac and Stimulation Equipment in the World http://dragonproductsltd.com/dragon-products-largest-inventory-frac-stimulation-equipment-world/ Mon, 14 Mar 2016 14:35:39 +0000 http://dragonproductsltd.com/?p=3481 BEAUMONT, TEXAS – MARCH 11, 2016 Dragon Products, LTD now has over 250 million in used and a like new surplus of Frac and Stimulation Equipment, which also includes Tractor Trucks and Trailers from Peterbilt and Kenworth. Frac and stimulation inventory items includes trailer mounted 2500 HP frac pump units, frac tanks, frac blender units, hydration units, chemical additive trailers, Sand Dragons, high power manifolds and...

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BEAUMONT, TEXAS – MARCH 11, 2016

Dragon Products, LTD now has over 250 million in used and a like new surplus of Frac and Stimulation Equipment, which also includes Tractor Trucks and Trailers from Peterbilt and Kenworth. Frac and stimulation inventory items includes trailer mounted 2500 HP frac pump units, frac tanks, frac blender units, hydration units, chemical additive trailers, Sand Dragons, high power manifolds and more.

Dragon has been manufacturing, selling, and servicing rigs, tanks, trailers, roll off equipment, pumps, and hydraulic stimulation equipment to support drilling and oilfield customers for more than 50 years.

To offer their customers a viable alternative to auctions Dragon’s used equipment online marketplace now showcases leading brands of oilfield equipment from the largest collection in the world.

“We wanted our customers to know that auction is neither the only nor the best option if they want to liquidate or purchase equipment. Why risk an uncertain outcome and put your future in the hands of an auction house that knows little if anything about oilfield equipment? No one has the reach, the inventory or the industry knowledge and technical expertise that Dragon offers. For anyone looking to buy, sell or consign equipment Dragon adds real value to the transaction” says Mandy Raps, Dragon’s Marketing Manager.

Visit http://www.dragonusedequipment.com to learn more about our 250 million dollar frac and stimulation equipment inventory located across the United States or call 844-4A-DRAGON to speak with a Dragon representative. For new oilfield and industrial equipment visit http://www.dragonproductsltd.com or call 800-231-8198.

About Dragon Products, LTD

Dragon Products, LTD is a U.S. owned and operated company that offers a wide range of quality, durable products for storage, hauling and more. Their equipment and inventory includes mobile workover and well service rigs, tanks, trailers, and surface production equipment. To learn more about Dragon Products, LTD, visit www.dragonproductsltd.com.

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Dragon Products LTD to Debut Smooth Wall Mini Frac Tank at WWETT Show http://dragonproductsltd.com/dragon-products-ltd-to-debut-smooth-wall-mini-frac-tank-at-wwett-show/ Mon, 01 Feb 2016 22:30:46 +0000 http://dragonproductsltd.com/?p=3461 (BEAUMONT, TX) Dragon Products, LTD will be amid 4,200 companies attending and displaying products and technology at the annual Water & Wastewater Equipment, Treatment & Transport (WWETT) Show from Feb. 17-20 at the Indiana Convention Center in Indianapolis, Indiana. Among Dragon’s planned exhibition will be the debut of the Mini Frac, a smooth-wall lined liquid storage unit smaller in size compared to the full-sized roll-off...

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(BEAUMONT, TX) Dragon Products, LTD will be amid 4,200 companies attending and displaying products and technology at the annual Water & Wastewater Equipment, Treatment & Transport (WWETT) Show from Feb. 17-20 at the Indiana Convention Center in Indianapolis, Indiana.

Among Dragon’s planned exhibition will be the debut of the Mini Frac, a smooth-wall lined liquid storage unit smaller in size compared to the full-sized roll-off containers.

Optimal for liquid waste or liquid storage, the capacity of the Mini Frac is 8,500 gallons and includes three access points — 4” drainage lines in both the front and rear of the tank and a fill point at the top.  

The unit, manufactured at both Dragon’s La Porte, Texas and Akron, Indiana facilities, is severe-duty engineered to perform in applications such as liquid waste, environmental and storage and fueling.  

A newer product, Dragon officials answered the call to build a smaller frac tank based on customer requests.

“We built our first smooth-wall units in Akron to accommodate customer demand,” said Gerry Spape, Dragon’s Northeast Region Sales Representative.

According to Spape, the unit’s smaller footprint allows for ease of transport, saves physical space and comes with a price that’s attractive to potential clients.

Dragon officials will be available to answer any questions about the Mini Frac tank as well as other Dragon roll-off equipment and pumping solutions on display at their WWETT Show Booth 2334.

 

About Dragon Products, LTD

Dragon Products, LTD is a U.S. owned and operated company that offers a wide range of quality, durable products for storage, hauling and more. Their equipment and inventory includes mobile workover and well service rigs, tanks, trailers, and surface production equipment. To learn more about Dragon Products, LTD, visit www.dragonproductsltd.com.

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Dragon Products Announces Move to Larger Distribution Center to Meet Growing Demand for Stimulation Equipment, Pumps and Expendables http://dragonproductsltd.com/dragon-products-announces-move-to-larger-distribution-center-to-meet-growing-demand-for-stimulation-equipment-pumps-and-expendables/ Tue, 01 Dec 2015 20:31:27 +0000 http://dragonproductsltd.com/?p=3435 Industrial and energy equipment manufacturer expands with new center in Alvarado, Texas Alvarado, TX – Amidst increasing demands for the manufacturer’s pumps and fluid ends Dragon Products, Ltd is pleased to announce they have moved to an expanded 71,000 square foot distribution center in Alvarado, TX. “The new site allows us to consolidate two facilities under one roof and create a streamlined distribution center and...

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Industrial and energy equipment manufacturer expands with new center in Alvarado, Texas

Alvarado, TX – Amidst increasing demands for the manufacturer’s pumps and fluid ends Dragon Products, Ltd is pleased to announce they have moved to an expanded 71,000 square foot distribution center in Alvarado, TX.

“The new site allows us to consolidate two facilities under one roof and create a streamlined distribution center and Fluid End assembly process to better support our customers’ needs.

Our corporate motto is ‘Make It Happen” and the decision to expand puts us in a better position to Make It Happen for our customers,” says Jeff Edwards, Director of Product Development for Dragon’s pump division.

Dragon is poised to quickly respond to increased demand since the new distribution center occupies approximately five acres of a nine acre space — providing plenty of room for further expansion. The company expects the facility to be fully ISO 9001:2015 certified in the 1st Quarter, 2016./span>

“The new facility is in the final stages of implementing a robust Quality Management System complying with the new rigorous ISO 9001:2015 standard. Process and procedures have already been implemented, so we will be ready for a Certified Audit by the end of the year. With streamlined facilities and an embedded ISO quality management system we can better serve our current customers and attract new ones with increased productivity, reduced costs and the high quality products they expect.”

About Dragon Products, Ltd.

Dragon Products, Ltd. is family owned and operated in the USA with more than 50 years experience manufacturing a wide range of severe-duty engineered equipment for the industrial and energy sectors. Their equipment and inventory include pumps and stimulation equipment; surface production equipment; mobile and workover rigs; crude haulers and LPG transport trailers; roll off trailers and waste containers; RANCO dump/aggregate trailers. To learn more about Dragon Products, Ltd. and the entire line of Dragon equipment please visit dragonproductsltd.com or call 800-231-8198

DRAGON PRODUCTS
Name: Jeff Edwards
Title: Director of Product Development
Company: Dragon Products, LTD
URL: dragonproductsltd.com
Email: marketing@modernusa.com
Phone: (817) 783-5530
Address: 3300 IH-35W. So
Alvarado, TX  76009

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Rig Count Falls as Oil Drilling Companies Struggle to Increase Production http://dragonproductsltd.com/rig-count-falls-as-oil-drilling-companies-struggle-to-increase-production/ Wed, 14 Oct 2015 14:02:03 +0000 http://dragonproductsltd.com/?p=3313 Amid the recent downturn in the oil and gas industry exploration, drilling and production companies are struggling to stay active and profitable. Currently oil futures are trading at around $45 a barrel, which is about half the price they were this time last year. Signs of relief don’t appear to be in the immediate future either. The Houston-based oilfield services company, Baker Hughes Inc., released...

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Amid the recent downturn in the oil and gas industry exploration, drilling and production companies are struggling to stay active and profitable. Currently oil futures are trading at around $45 a barrel, which is about half the price they were this time last year. Signs of relief don’t appear to be in the immediate future either. The Houston-based oilfield services company, Baker Hughes Inc., released its weekly report earlier this week which indicates the number of U.S. production rigs continues to fall, according to the investment research firm Zacks.com.

According to the report, there were 838 U.S. rigs engaged in exploration and production for the week ending September 25. This was four less than the week prior, and the lowest of such levels since January of 2003. This is approximately half the number of rigs there were last year when the total stood at 1,931.

The one area of the industry that showed positive signs was in offshore drilling operations. The number of rigs involved in offshore rose by two to a total of 33. This makes sense as approximately 30% of the total world oil production (and half the natural gas) is now done by offshore operations. Recent technological advancements now allow offshore drilling to take place 200 miles from the shore in waters over 7,500 feet deep.

Somewhat surprisingly is the report’s findings that natural gas rigs are declining as well. Procedures like hydraulically fracturing shale sites have created a burgeoning market for oil alternatives in the United States. In 2013 alone there were at least two million hydraulically fractured oil and gas wells in the U.S. and up to 95% of all new wells are done that way, according to the Department of Energy. Still, the total number of natural gas rigs dropped by one to 197.

This data from Baker Hughes has been used as an industry measuring stick since its inception in 1944. The information it provides can heavily influence the demand for energy services.

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Bush’s Plan to End Petroleum Ban Could be Boost the Industry Needs http://dragonproductsltd.com/bushs-plan-to-end-petroleum-ban-could-be-boost-the-industry-needs/ Mon, 12 Oct 2015 13:49:47 +0000 http://dragonproductsltd.com/?p=3311 Whether it’s a blatant attempt to gain traction in the polls or just the right time to get the conversation going, Jeb Bush announced on Tuesday (9/29) his plans to get rid of the ban on U.S. oil exports and ease current restrictions on natural gas exports, according to the business news site economictimes.com. He believes doing so could have an immediate impact on those...

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oilWhether it’s a blatant attempt to gain traction in the polls or just the right time to get the conversation going, Jeb Bush announced on Tuesday (9/29) his plans to get rid of the ban on U.S. oil exports and ease current restrictions on natural gas exports, according to the business news site economictimes.com. He believes doing so could have an immediate impact on those in the industry and would lead to adding more jobs to the already 9.8 million the oil and gas industry provides in the United States.

“More domestic energy leads to more jobs, higher wages, lower gas prices, and smaller electricity bills,” Bush wrote for a piece published on Medium.com. “In short, it means more money in people’s pockets, allowing them more freedom to make more choices for themselves and their children.”

The ban on U.S. oil exports has been in place since the energy crisis of the 1970s. In theory, it was enacted to protect American consumers by keeping our own oil production at home as opposed to the world’s highest bidder. The oil embargo by the Organization of Arab Petroleum Exporting Countries (OAPEC) had caused prices to skyrocket.

Today, that is no longer the case. In fact, a decrease in demand for crude oil and an increase in alternative energy sources has led to a decline in the industry and excess reserves. Over the last decade alone, global proved oil reserves have increased by 27% (350 billion barrels), and from 2011-12 there was a 15.4% increase in barrels of crude oil and lease condensate proved reserves. Bush and proponents of the idea, experts in the field and economists, see it as the perfect opportunity to boost the American economy still struggling from the lingering effects of the Great Recession.

“Lifting the ban on crude oil exports and liberalizing natural gas exports would create hundreds of thousands of additional jobs and significantly lower net energy costs,” Bush wrote.

Opponents of lifting the ban claim it would be a huge boost to big petroleum business, but consumers would see little effects at the end product.

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Innovative Drilling Technology Could Help the Industry Through Recent Tough Times http://dragonproductsltd.com/innovative-drilling-technology-could-help-the-industry-through-recent-tough-times/ Thu, 08 Oct 2015 14:28:31 +0000 http://dragonproductsltd.com/?p=3301 Master Drilling is one of the largest providers of oil and gas drilling equipment and services including exploration-stage, capital project-stage, and production stage drilling. Through their services the South African-based company has helped grow the global proved oil reserves by 27% (over 350 billion barrels) over the past decade. They’re also one of the only companies in the business making significant profits during the recent...

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Master Drilling is one of the largest providers of oil and gas drilling equipment and services including exploration-stage, capital project-stage, and production stage drilling. Through their services the South African-based company has helped grow the global proved oil reserves by 27% (over 350 billion barrels) over the past decade. They’re also one of the only companies in the business making significant profits during the recent industry slump.

One of the primary ways they’ve been able to stay in the green is because of their specialty in helping other companies with horizontal drill boring solutions. According to the South African economic and business news site BDLive.co.za, the company is close to releasing their newest technologies that could be a game-changer for underground workers, by raising productivity and reducing costs.

With the current struggles due to low demand and excess supply the mining, oil, and drilling industries are faced with, any type of advancement to help businesses become more efficient would be highly desirable. There are currently enough crude oil reserves for 53 years of global production, but new innovations like this can keep that number rising.

They don’t expect to be able to officially release the new technologies before the end of the year, but one of their first key testing applications will be at drilling a tunnel on an inclined gold reef at the Sibanye Gold’s Kloof mine. Danie Pretorius, Master Drilling’s CEO, believes the processes in the works could benefit the entire industry.

“Any equipment you bring to a mine to open reserves can only add value. Whatever you do with a non-drill and blast system that has speed and efficiency will make a huge difference,” Pretorius said. “We were told last week that most mines in the world run at between 50% and 70% capacity. Isn’t that suicide? We are saying if that’s true, why not deploy a way to open reserves more quickly.”

The horizontal bore which they’re developing weighs a fraction of the weight of an average tunnel borer and is capable of drilling 300 meters in six months. The same project would take two to three years to complete using explosives and hand-held drills.

Master Drilling has stayed out of the U.S. until now, but plans to enter the market that controls 8% of the country’s economy and provides 9.8 million jobs for the first time late this year or early next. Their hope is their new technologies can help boost the once booming market. The technology might have been developed with the African terrain in mind, but Pretorius believes it can be utilized around the world.

“For regions like Africa, this technology is vital. I really believe there is scope for it. We want to adapt the blind hole machines used in the U.S. and China to be hard-rock machines,” he said.

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Natural Gas on the Fast Track as Oil Continues to Struggle http://dragonproductsltd.com/natural-gas-on-the-fast-track-as-oil-continues-to-struggle/ Mon, 05 Oct 2015 15:52:32 +0000 http://dragonproductsltd.com/?p=3295 Oil and gas appear to be headed in different directions as far as overall outlook for the moment at least. Gas prices continue to fall as crude oil barrels hover around some of the lowest rates seen in years, but one sector of drill rig companies should see a boost soon. A recent report from Cobank, the agricultural credit bank, shows positive signs for the...

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Oil and gas appear to be headed in different directions as far as overall outlook for the moment at least. Gas prices continue to fall as crude oil barrels hover around some of the lowest rates seen in years, but one sector of drill rig companies should see a boost soon. A recent report from Cobank, the agricultural credit bank, shows positive signs for the demand for natural gas from the United States, according to the industry news site OilandGasinvestor.com.

The report, “U.S. Natural Gas Outlook through 2020: Demand is the new Captain of the Ship,” estimates that the demand will grow by 25% over the next five years, and more than half that growth will come from U.S. natural gas exports. Taylor Gunn is a Senior Economist in Cobank’s Knowledge Exchange Division, the company’s knowledge-sharing arm that provides important insights about industries Cobank serves, and author of the report.

“It’s definitely a game changer for the global gas markets,” said Gunn in a statement.

The report also predicts that within two years the U.S. will become a net exporter of natural gas, which could position the country as a major provider on the global energy markets. It also believes that while the demand will continue to grow, the price should stay relatively neutral thanks to the vast amount of supply the industry already has stored.

A large portion of this increase can be attributed to the growth of hydraulic fracturing as opposed to traditional oil and gas drilling methods. In 2013 there were at least two million hydraulically fractured oil and gas wells in the U.S. and up to 95% of all news wells drilled are done so by way of fracking, according to the Department of Energy (DOE). The production of shale is also expected to rise to 13.6 trillion cubic feet, which would represent almost 50% of all U.S. natural gas production by 2035, according to the Energy Information Administration (EIA).

Data reported by the investment research and analytics firm, MarketRealist.com, support many of the claims in the Cobank report. The price of natural gas remains stagnant, while the stockpile increased for the 25th consecutive week (September 24).

It will be a while before oil loses significant power in the industry, but natural gas is certainly on its way to taking a shot at the top. There are currently about 9.8 million people employed in the oil and gas industry in the U.S. alone. If these trends continue chances are many of them will find themselves on the natural gas side before too long.

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Industry Experts Converge at Rice Alliance’s 13th Annual Energy and Clean Technology Venture Forum http://dragonproductsltd.com/industry-experts-converge-at-rice-alliances-13th-annual-energy-and-clean-technology-venture-forum/ Fri, 02 Oct 2015 17:47:49 +0000 http://dragonproductsltd.com/?p=3293 Earlier this month the Rice Alliance for Technology and Entrepreneurship (Rice Alliance) held the 13th Annual Energy and Clean Technology Venture Forum in Houston. It’s an industry convention-type conference billed as the largest of its kind in the southwest. It’s an event anyone with an interest in the energy field will enjoy and learn from, according to its website Alliance.Rice.edu. “This event represents an opportunity...

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Earlier this month the Rice Alliance for Technology and Entrepreneurship (Rice Alliance) held the 13th Annual Energy and Clean Technology Venture Forum in Houston. It’s an industry convention-type conference billed as the largest of its kind in the southwest. It’s an event anyone with an interest in the energy field will enjoy and learn from, according to its website Alliance.Rice.edu.

“This event represents an opportunity to learn about the latest emerging technologies, meet investors to seek funding, see promising companies, learn about investment opportunities, meet individuals from the energy and clean technology industry, and learn about promising companies seeking to expand their management team,” a statement from their site reads.

One of the most regularly anticipated events at the conference is the release of their ’10 Most Promising Energy and Clean Technology Venture Companies’ list, which is judged by a panel of investors and industry experts.

New and innovative business strategies are becoming increasingly important to an industry that was once one of the most lucrative and powerful, but has seen a sharp decline this past year due to a variety of factors. It also doesn’t help drilling producers that the amount of global proved oil reserves has increased by about 27% (350 billion barrels) over the last decade.

Still, the oil and gas industry accounts for approximately 9.8 million jobs and 8% of the economy in the United States. Brad Burke, Rice Alliance managing director, believes the reason for much of the convention’s success is the continuous improvement in the quality of companies involved, according to a press release from BusinessWire.com.

“Over the past 13 years, more than 1,700 companies have presented at Rice Alliance Technology Venture Forums. These companies have raised more than $2.1 billion in funding,” Burke said. “This speaks to the quality of the companies and to the robust entrepreneurial ecosystem of investors that has been developed to support these companies. Despite the challenging economic environment over the past several years, good companies have been able to attract investors.”

One of the companies he’s speaking about that made the list this year is a San Diego-based surveyor called GroundMetrics. Bill Tucker, a long-time writer on everything energy-related and current Forbes contributor, wrote about the significance such a recognition can have on an innovative company looking to make some noise in the industry.

“[GroundMetrics uses] a unique electromagnetic technology which allows it to detect not only underground pockets of deposits, but to determine what is in those pockets more accurately so a decision to drill or not to drill can be made with greater certainty,” Tucker wrote.

GroundMetrics CEO, George Eiskamp, told Tucker he’s been “overwhelmed” by the opportunities the distinction has made available to him. They are no longer trying to raise funding, and are now in the process of attempting to persuade drilling rig companies that their services will help them save time and money. There is currently about 53 years worth of oil reserves for global production. Their process could be a groundbreaking new way to locate, analyze, and plan for new drilling projects going forward.

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Shell’s Offshore Alaska Drilling Project to End Due to Money and Efficiency Concerns http://dragonproductsltd.com/shells-offshore-alaska-drilling-project-to-end-due-to-money-and-efficiency-concerns/ Thu, 01 Oct 2015 14:44:10 +0000 http://dragonproductsltd.com/?p=3291 Despite there being only enough oil reserves to currently meet about 53 years of production, one region with the potential to increase that number took a devastating blow. The Royal Dutch Shell Oil Company announced Sunday they’re stopping their exploration and drilling project off the shore of Alaska, in the Chukchi Sea, because of cost-effective concerns. The company believes there may not be enough obtainable...

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Despite there being only enough oil reserves to currently meet about 53 years of production, one region with the potential to increase that number took a devastating blow. The Royal Dutch Shell Oil Company announced Sunday they’re stopping their exploration and drilling project off the shore of Alaska, in the Chukchi Sea, because of cost-effective concerns. The company believes there may not be enough obtainable oil to make the project worthwhile, according to NPR.com.

There is a chance they will continue oil and gas exploration and drilling in the Arctic region again someday, but in a statement from the company on their website, Shell.com, they decided it is in their best interest to stop the project for the “foreseeable future.”

The multinational company has already spent $7 billion on the current efforts at what is known as the ‘Burger J Well.’ Out about 150 miles from Barrow, Alaska and drilled to a total depth of 6,800 feet the Burger J was slightly under the depth and distance of some of the biggest projects, which have drilled 200 miles from shore and 7,500 feet deep.

“Shell has found indications of oil and gas in the Burger J well, but these are not sufficient to warrant further exploration in the Burger prospect,” the statement reads. “The well will be sealed and abandoned in accordance with U.S. regulations.”

The search for potential oil and gas reserves off the shore of Alaska has been ongoing for several years. In fact, in 2012 the project came to a screeching halt over safety concerns and government regulations. They were able to secure federal approval this past May, but many people still opposed the idea. Local Alaska Public Media reporter, Rachel Waldholz, reported on the story for Alaskapublic.org.

“The project had drawn major protests from environmental groups, who worried drilling would impact marine mammals and that an oil spill in the arctic would be impossible to clean up,” Waldholz wrote.

Currently, offshore oil production accounts for approximately 30% of the world’s oil and half of the natural gas produced today. Had it been successful this project could have lead to a significant increase in that number, but at least for now that remains a pipe dream.

The continuous political/governmental volatility that affects these issues was another reason Shell gave for throwing in the towel. In addition to overall costs the company said it consistently faced a, “challenging and unpredictable federal regulatory environment in offshore Alaska.” The company will begin removing the oil drilling equipment and rigs immediately.

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Regulators Worry Low Crude Price Will Hurt Oil and Gas Loans http://dragonproductsltd.com/regulators-worry-low-crude-price-will-hurt-oil-gas-loans/ Tue, 22 Sep 2015 17:35:26 +0000 http://www.dragonproductsltd.com/?p=3286 Today, there are only enough known oil reserves for approximately 53 more years of global production. You wouldn’t be able to tell by looking at the current cost though. The price of crude oil and gas has hit their lowest levels since 2009, according to the United Kingdom’s Financial Times. A piece that came out on August 31 details the pressure U.S. banks are beginning...

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oil and gas

Today, there are only enough known oil reserves for approximately 53 more years of global production. You wouldn’t be able to tell by looking at the current cost though. The price of crude oil and gas has hit their lowest levels since 2009, according to the United Kingdom’s Financial Times.

A piece that came out on August 31 details the pressure U.S. banks are beginning to feel from regulators in the industry. They are clamoring for the banks to classify oil and gas loans as troubled assets. Bill White is the chairman of the Houston office of the investment bank Lazard and former U.S. Deputy Secretary of Energy. He spoke to the Financial Times about the possible repercussions such a move would have.

“One consequence of this would be that people are forced to sell assets in a market which many of us — including me — believe is at the bottom of the commodity price cycle,” White said.

According to White, banks are already being pushed to move these at-risk loans into “workout” groups for troubled assets at the discretion of the Office of the Comptroller of the Currency (OCC). The OCC does not make credit decisions for banks, but they can, and do influence financial institutions through a variety of means to work with customers and regulators.

“Workout’s job is to achieve the maximum recovery on the loan,” White said. “The banking relationship with the borrower is not part of the agenda of the workout group, whereas the relationship banker will appreciate the fact that this is a cyclical period.”

The rock-bottom prices of these crude resources has stemmed from a variety of factors such as the general improvement in drilling equipment at a basic level. As pointed out in a different Financial Times piece however, one of the bigger reasons is the U.S. shale and fracking industry. There were at least two million oil and gas wells that had been hydraulically fractured in the U.S. in 2013, according to the Department of Energy (DOE). This has helped contribute to the overall 27% increase (~350 billion barrels) in global proved oil reserves over the past decade.

The somewhat early detection of this potential problem, and the belief that all parties involved will work in a symbiotic way greatly improves the chances of avoiding a catastrophic market collapse.

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