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Electric Slide

By: Daryl Milliner / Posted on: November 2, 2018

Hydraulic Fracturing is the process of stimulating rock to capture gas from shale formations in the Earth, and is also one of the main reasons the United States is on its way to be a world leader in energy production. In this technological age, advancements are happening daily and rapidly. One nuance to the oil and gas industry is making the hydraulic fracturing process more seamless, efficient, safer, and less pollutant and that is coming to fruition with the innovation of Electrical Hydraulic Fracturing. So what is Electric Hydraulic Fracturing? The technology is based upon electricity powering pressure pumps and fracking equipment fueled 100% by natural gas fueled by field gas or alternative natural gas sources.

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Just Keep on Truckin’

By: Greg Gill / Posted on: May 1, 2018

The US economy is growing and so is the population, both of which are leading freight companies of all types to see increased growth in the number and weight of goods shipped around the country. Truck load (TL) freight volumes increased 2.8% in 2017 over 2016 which is far higher in comparison to 2016 versus 2015. Fourth quarter of 2017 for TL alone was at 7% growth year over year.  

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What if we run out?

By: Daryl Milliner / Posted on: March 16, 2018

Has the thought “What if we actually run out of oil” ever crossed your mind?  Well, even though it is very unlikely any time in the near future, it could happen, but with properly managed reserves, again, it is very unlikely that it will. U.S. Strategic Petroleum Reserve (SPR) is the world’s largest supply of emergency crude oil. These stockpiles are owned by the Federal Government and are stored in enormous underground salt caverns spanning across the entire Gulf of Mexico coastline. These national oil reserves have been around for at least 50 years, as President Ford was the one who established SPRs by signing the Energy Policy and Conservation Act (EPCA) in December of 1975. While the Gulf Coast remains a popular domicile for exploration and distribution by U.S. refiners, the abundance of salt caverns along the coast make it the ideal location for fuel storage. 

Starting in 1977 the United States has acquired 62 enormous salt caverns along the coastlines of Louisiana and Texas to store crude. The salt caverns were developed by drilling wells into the huge salt domes and injecting them with freshwater to dissolve the salts. The dissolved salt solution is then transported by pipes to disposal wells. By enacting this process of “solution mining” precise dimensions are created which can hold anywhere from 6-35 million barrels of oil, as stated in the diagram. These reserves are used in the event of national disasters, major storms, or outages in oil producing countries. Last year when Hurricane Harvey hit Texas, 5.3 million barrels of oil were sold from the government to four refiners to help aid in the fuel shortage.  Currently, we have 260.1 million bbls of sweet crude (petroleum with less than 0.42% sulfur) and 405.4 million bbls of sour crude (petroleum containing high levels of sulfur) totaling 665.5 million bbls since March 9th 2018. This week the U.S. Department of Energy said it would sell 7 million barrels of sweet crude oil to comply with a law enacted in 2015 to help fund the government. The DOE will be accepting offers on this oil until March 21st and deliveries will hail from the SPR West Hackberry site from May 1st – 14th and from May 1st – 31st from the Bryan Mound site.

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