WorldWide Drilling Resource

28 JUNE 2015 WorldWide Drilling Resource ® Storkson cont’d from page 27. highest price they can, but many process control measurements don’t need to be terribly accurate or complicated to be very useful and totally adequate for the task at hand. Often, the right knowledge results in economy. You might as well keep your money for something else. Britt michele@ worldwidedrillingresource.com Congratulat ions to: Emi ly Hampton F logistix Pampa , Texas Winner for May! Time for a Little Fun! May Puzzle Solution: Buckhorn Pumps, Inc. KS Bit, Inc. Can you identify which ads in this issue these two photos came from? Win a prize! Send your completed puzzle to: WWDR PO Box 660, Bonifay, FL 32425 or fax to: 850-547-0329 _______________ _______________ and transportation systems requires some amount of working storage in the U.S. to be left available for filling at all times to allow deliveries by pipeline, tanker, barge, and rai l, though the exact amount which must be left avail- able is not known. Due to these regula- tions, it is not possible to completely fill all of the country’s reported working storage capacity. Experts doubt the U.S. will get that close to running out of space for oil. Rob Merriam, who tracks oil supplies for the EIA said some of the current oil surplus is seasonal. With the arrival of summer, more people will be driving cars, more refineries will be up and running, and storage tanks should become less full as a result. All Pumped Up and Nowhere to Go? Compiled by Amy White, Associate Editor WorldWide Drilling Resource ® Between February and March 2015, the amount of crude oil in U.S. storage tanks grew by an average of 6.85 mil- lion barrels a week. According to the EIA (U.S. Energy Admini st rat ion) , inventories have reached an 80-year high. Are we running out of space to store oil? According to professional sources, probably not. U.S. working storage capacity is 521 million barrels according to the most re- cent data. As of March 2015, 449 million barrels were in storage. Storage utilization can be difficult to calculate since the EIA’s reported inven- tory levels also include crude oil which is not being held in storage tanks. For example, of the 449 million barrels “in storage” referenced above, approximately 120 million barrels are in pipelines, on ships, or held locally in production areas. An of ten-ci ted example in the American oil storage space debate is Cushing, Oklahoma. The 70.8 million barrels of storage capacity in Cushing represent over 60% o f a l l c r u d e o i l wo r k i ng s t o r age c a p a c i t y i n t h e Midwest, and around 19% of all crude oil storage in the nation. Inventory levels at Cushing are at their record high; howev- er, storage utiliza- tion (inventories as a percent of work- ing storage capaci- ty) are not at record levels since work- ing storage capacity has also increased over time. According to the latest avail- able data, Cushing is near 77% of its capacity utilization, a significant increase from a low of 27% in October 2014. However, in March 2011 , u t i l i za t i on reached 91%. Ope r a t i on o f crude oi l storage Centerline Manufacturing Co. 903-725-6978 903-725-3647 fax ~ Mud pumps for the 21st century ~ www.centerlinemanufacturing.com ~ Centerline mud pumps are getting the job done from Canada to Australia, China to Peru ~ Centerline Manufacturing is proud to be your complete stocking source for American Manufacturing mud pump parts!! U.S. Patent #6,769,884 and others pending Monopump models rated: 180 gpm Duplex models rated: 300 gpm Triplex models rated: 450 gpm 500 or 800 psi models available aluminum or iron. ~ The Centerline 7 1/2” x 10” hydraulic drive mono mud pump ~ ~ compact ~ fits on top or under deck ~ pumps the rated flow of a 5” x 6” @ over twice the rated pressure ~ weighs 650 lbs, 1615 lbs less!