WorldWide Drilling Resource

Reggie’s World by Reggie Stockert R.G. Stockert Drilling Co. A lot of things can change in a month. As you know from last month's article, my son graduated from the University of Akron with a bachelor’s degree in mechanical engineering. As we discussed, Akron's Formula SAE ® teamwas competing in Europe the month of July. As it turned out, my son Regis was approached after the Michigan competition and was offered a job. So, after the phone interview, they sched- uled a visit to Cornelius, North Carolina. Shortly after, we moved him to Charlotte, North Carolina, to start his new adult life. During the interview, they discussed his leaving for a month to travel to Europe and agreed to allow him to leave for seven days the first week of July. After discussing this with the University of Akron, they agreed to break out his ticket from the group and fly him from Charlotte to Germany, where he could catch up with the team and compete there. He would then head to Finland and do his presentation to the judges. As soon as this is completed, off to the airport to head back to his new home in Charlotte. Oh, to be young again! Regis' new employer knows the im- portance of competing in motor sports. His new job is pit equipment engineer for Michael Waltrip Racing in the Sprint Cup Series of NASCAR. Okay, enough of the proud dad stuff, where did the summer go? I'm already looking at the fall schedule to plan for the winter. I hope all is going well for the drilling community. It has been spotty in this sector. There has been work, but you're always looking for the next job. There's just no rhythm this year. Til next month, Reggie Reggie Stockert may be contacted via e-mail at admin@ worldwidedrillingresource.com 67 WorldWide Drilling Resource ® AUGUST 2013 ! " # ! U.S. Crude Oil Exports to Surpass Imports Adapted Information from the EIA According to the EIA (U.S. Energy Information Administration), monthly crude oil production could surpass net crude oil imports later this year for the first time since February 1995. The projected change is largely due to rising domestic crude oil production, particularly from shale and other tight rock formations in North Dakota and Texas. However, the timing of the crossover between U.S. crude oil production and net crude oil imports could change, given the uncertainties in the forecast. For example, a strong 2013 hurricane season could disrupt U.S. offshore oil production, thus delaying or preventing a crossover. Likewise, a higher-than-expected increase in tight oil production would mean pro- duction might exceed imports sooner than expected.