WorldWide Drilling Resource

With the recent increase in natural gas and oil production in shale regions across America, the United States is now the world’s largest producer of energy from oil and natural gas. Besides sounding impressive, the bigger implication is the contri- bution it provides to America’s energy security. Texas plays a big role, and has for more than a hundred years, thanks in no small part to bountiful reservoirs inside a sedimentary formation known as the Permian Basin. Here are five key things about one of the world’s most exciting oil and natural gas plays ~ The Permian Basin: First oil - Wildcatters were producing oil in the Permian Basin long before the “shale gale” blew in. The basin’s first com- mercial well, T&P Abrams Number One, came online in 1923, and wasn’t capped until 1990. The Yates Field, where oil was first discovered in 1926, still operates today, producing more than 7.4 million barrels annually. Proven reserves - Growing shale oil production has turned the Permian Basin into one of the country’s most promising oil regions. According to the most recent Energy Information Agency’s (EIA’s) assessment, the Permian Basin holds 722 million barrels of proven reserves, more than twice the number registered in the EIA’s 2013 U.S. reserves estimate. Critical plays - Driving much of the Basin’s new production are the Wolfcamp, Spraberry, and Bone Spring Formations. Together, they generate nearly half of the Permian Basin’s output. Drilling innovations - Drilling innovations are at the heart of the Permian renaissance. For much of its history, oil was pumped out of easy-to-access reservoirs through standard vertical wells. Oil production from shale or tight rock formations wasn’t part of the equation until the horizontal drilling and hydraulic fracturing technology used to produce shale gas was cus- tomized to extract oil locked inside. Annual production - This brings us to the Permian Basin’s annual production. In 2008, daily output averaged a little more than 710,000 barrels. However, in 2015, production in Texas nearly doubled from 2008 levels, averaging more than 1.3 million barrels per day. While the fall in oil and natural gas prices could moderate production, the Permian Basin is expected to continue to play an important role in helping meet domestic demand with reliable and affordable energy, while also helping decrease dependence on imported sources of energy. The Permian Basin ~ Proof that Everything is Bigger in Texas Adapted from Information by ExxonMobil Corporation Nitrate Coated Premium Liner 5x6 Gardner Denver...........................$230.00 5x8 & 5x10 Gardner Denver...............$250.00 5½x8 & 5½x10 Gardner Denver..$275.00 7½x8 & 7½x10 Gardner Denver.........$450.00 Rods Heat-Treated & Chromed 5x6 Gardner Denver...........................$103.00 5x8 & 5½x8 Gardner Denver..............$121.00 5x10 & 5½x10 Gardner Denver.........$121.00 7½x8 Gardner Denver........................$121.00 7½x10 Gardner Denver......................$121.00 Brand New Pumps In Stock Gardner Denver 4x5 TEE Triplex................CALL FOR PRICE Gardner Denver 5½x5 TEE Triplex.............CALL FOR PRICE Gardner Denver 4x5 or 4½x5 Duplex..........CALL FOR PRICE Gardner Denver 5x6 Duplex.......................CALL FOR PRICE Gardner Denver 5x6 Air Drive Duplex.........CALL FOR PRICE Gardner Denver 5x8 Duplex.......................CALL FOR PRICE Gardner Denver 5½x8 Duplex....................CALL FOR PRICE Gardner Denver 7½x8 Duplex....................CALL FOR PRICE Gardner Denver 7½x10 Duplex..................CALL FOR PRICE Gardner Denver 5½x5 THE Triplex=.....=CALL FOR PRICE Gardner Denver 5x8 PAH Triplex==...=..CALL FOR PRICE Hydraulic Grout Pump 5”...........................................$4400.00 Hydraulic Grout Pump 6”...........................................$4900.00 Hydraulic Grout Pump 7½”.....................................$10,500.00 Grout Pump We Have a Variety of Brands of Mud Pump Parts in Stock. Special or Obsolete Parts Made to Order . We Pay Cash for Surplus Mud Pumps . Rebuilt Mud Pumps 4½x6 Gaso Duplex...................................CALL FOR PRICE 4½x6 Oilwell Duplex.................................CALL FOR PRICE Gardner Denver 4½x8 PA-8 Triplex..........CALL FOR PRICE Gardner Denver 5x6 Duplex.....................CALL FOR PRICE Gardner Denver 5x10 Duplex...................CALL FOR PRICE Gaso 5x10 Duplex....................................CALL FOR PRICE WE HAVE OVER 300 PUMPS IN STOCK Armstrong Machine Co. Inc. 201 SW 7th Street • Pocahontas, IA 50574 USA 712-335-4131 ~ 24 Hours 7 Days a Week • Fax: 712-335-4565 Watts: 800-831-4527 USA & Canada (8AM to 4PM Monday-Friday) See our Web Page: www.armstrongmachine.com Email Address: amci@armstrongmachine.com We Have a Variety of Pumps and Power Units in Stock. 20 JUNE 2017 WorldWide Drilling Resource ®