WorldWide Drilling Resource

43 WorldWide Drilling Resource ® JANUARY 2018 “Water for the Future” is the theme for the Virginia Water Well Association 2018 Winter Conference at the Double Tree by Hilton - Koger Center in Midlothian/Richmond, Virginia. Mark your calendar for February 14- 15. Concurrent classes for continuing education credits will be held both days, so there’s plenty of time to sit in on them all! The trade show grand opening is Wednesday at 10:30 a.m., and the banquet and auction starts at 6:00 p.m. The general meeting with breakfast is Thursday, and the exhibits open at 8:30 a.m. and close at 2:00 p.m. More information at www.vawaterwellassociation.org Montana Water Well Drillers (MWWDA) Association’s 73 rd Annual Convention and Trade Show is set for February 7-9, at the Best Western Plus Heritage Inn in Great Falls, Montana. Wednesday is exhibitor and silent auction setup day, along with early registration, and the MWWDA-hosted hospitality room. Then Thursday has registration, silent auction, seminars, annual meeting, and lunch. This is followed by the trade show, cocktails, more food, and a live auction! The ladies auxiliary will meet on Thursday at 9:00 a.m. for a fun morning of painting at a studio. Friday’s schedule has more continuing education opportunities, Past Presidents meeting, and Board of Directors meeting. Go to www.mwwda.org The Aquarius Casino Resort in Laughlin, Nevada, is once again the site for the Mountain States Groundwater Expo. The event is February 8-9, hosted by the Arizona, Colorado, Nevada, New Mexico, and Utah water well and groundwater associations. Registration opens with a continental breakfast on Thursday. Continuing education seminars run all day, followed by the reception in the exhibit hall at 5:30 p.m. with the Buck Lively Scholarship Auction and Raffle. Friday’s lineup includes more classes, and chances to view all the products on display in the trade show area. Register at www.mountainstatesgroundwater.com Where are you planning to go? How about including these shows: See more events at www.worldwidedrillingresource.com online issue. Join WWDR WDR The Michigan Ground Water Association (MGWA) will hold an Educational Conference February 26-27, at the Grand Traverse Resort and Spa in Traverse City, Michigan. There will be combined fundamentals, MGWA education tracks, along with the McEllhiney lecture. Tabletop displays from presenters will be avail- able for viewing. The annual meeting is set for Tuesday morning, and lunch is provided both days. Just be sure to register ahead of time so enough food is prepared! And don’t forget the banquet and awards! Visit www.michigangroundwater.com Drilling Fluids Market Forecast Through 2025 Adapted from a Press Release by Research and Markets According to a recent report from Research and Markets, the global drilling fluids market is expected to reach $10.01 billion by 2025. One of the driving factors is increased upstream spending which is also expected to urge oil and gas drilling activities. Technological advancements to modify the fluid rheology (the flow of matter) for efficient extraction in different for- mations, has led to more prosperous opportunities in the industry. The report also suggests the global drilling fluids market may grow an estimated 3.7% from 2017 to 2025, with the onshore portion anticipated to reach $5.9 billion by 2025. Offshore activities are projected to be the fastest growing segment at 4.1% during the time period. North America was the leading regional portion accounting for over 25% in 2016, and is expected to continue this trend over the forecast period. Asia Pacific is projected to become the fastest consumer with a growth rate of 4.6% through 2025. Russia’s onshore drilling fluids industry in 2016, was valued at $627.5 million. It is likely to continue to grow by 2.8% by 2025. Demand for water-based drilling fluids in Venezuela was valued at $113.94 million in 2016, and is expected to increase 4.1%, while the drilling fluids market in Kuwait is expected to surge 4.7% over the forecast period, reaching $203.5 million by 2025.