By the time oil and gas reaches consumers, the materials have already been measured out and mass-produced from the sites and facilities they originated from. While most people know that oil is measured out by the barrel, most don’t quite understand what that measurement means and how natural gas is measured at a drill site.

Here’s a closer look at how these products are measured at their sites, which will hopefully provide a deeper understanding of the terminology used in current industry articles that discuss results by the measurement.

Measuring On-site Oil and Gas Production

Oil production is measured across the globe in barrels. Barrels can also be referred to through their abbreviated term, “bbl.” One barrel is the equivalent of 42 gallons by the United State’s standards.

Measurements are usually described on daily and quarterly terms. However, the abbreviations used throughout the industry may leave the average person scratching their heads. For example, 1,000 barrels of oil is often referred to as “M,” and 1 million barrels would be abbreviated as “MM.”

So, when someone reading an article sees that a site produced 5 Mbbls per day, that’s the industry’s way of abbreviating 5,000 barrels of oil in one day.

Gas Production Measurements

Gas production is measured in cubic feet or “cf.” Much like oil, natural gas numbers are based on how much is produced per day or per quarter. However, since natural gas seems to be a more plentiful commodity for facilities to harvest, the industry uses abbreviations that reach up into the billions and trillions of cubic feet in the United States.

These abbreviations are “Bcf” for one billion cubic feet and “Tcf” for one trillion cubic feet.

Is Gas Always Measured in Cubic Feet?

While we’ve discussed measuring gas in cubic feet, keep in mind that unlike barrels, cubic feet isn’t something that is used to measure natural gas products across the globe. Across the seas, natural gas is measured in British thermal units (Btu) and can even be reported as cubic meters in order to further simplify the measurement process at a global level.

Learn More About Oil and Gas Industry Practices With Pro-Gas, LLC!

At Pro-Gas, LLC, we are committed to providing facilities and drill sites with our state-of-the-art equipment and highest quality services in the industry. However, we also believe that education in uncertain times for our industry is equally important. So, regardless of if you need the latest updates on the oil and gas market news or if you just need some NGL tanks to transfer some product, we are always here to help. Contact us today to learn more about our products and services.

While many oil companies have to face the dire consequences of a geopolitical feud that makes production especially expensive, consumers are reaping the benefits of lower gas prices. Although we’d love to see local facilities thriving at maximum production, this is just something we’ll have to wait for as the economy begins to inch its way back up.

For now, we will continue to supply essential equipment like NGL tanks and gas coolers to facilities and sites that need them as they pursue oil and gas production. However, we also see the brighter side of savings from the consumer point of view.

In the spirit of saving and surviving in the world of Coronavirus, here are some extra tips for using consumer-ready oil and gas wisely this summer.

Time When You Fill Up!

According to an article published in Forbes, one of the easiest ways for someone to save even more money on gas in their vehicle is timing when they decide to pump!

Based on information from Breitling Oil and Gas’ CEO, Chris Faulkner, gas prices generally rise at 10 a.m. on Thursdays in order to increase the cash flow of the weekend drivers. So, if you’ve been impacted by the economic circumstances of Coronavirus, remember to hit the pumps at the beginning of the week before gas station prices change.

Keep Up You Car’s Maintenance

The amount you spend on gas also depends on how well you maintain your car. Simple maintenance practices like filling up your tires with air, getting your tires rotated, and cleaning your car’s air filters can help you save a fair amount of gas money every month!

Invest in a Programmable Thermostat

Your air conditioner and heating unit use up gas in order to keep your home feeling comfortable. However, you don’t need your home at extreme temperatures at times when you’re not there to enjoy it. Save some money this summer by picking up a programmable thermostat and getting your home on a temperature timer. Not only will you remain happy with your home’s energy bill, but you’d never even know the temperature had changed if you time your adjustments right.

Let Your Dishwasher Do the Dirty Work

While we aren’t necessarily saying to let your dishes pile up in the kitchen, we are saying you should take a little time to fill up your dishwasher for one swift cleaning. Although your dishwasher does use energy to get its job done, we guarantee that when you frequently wash your dishes by hand every night, you’re consuming much more energy.

When your water heater has to consistently work to produce hot water for hand-washing dishes, be prepared to watch your energy bill increase during the summer months.

Trust Pro-Gas, LLC to Help Keep Your Facility Producing

The team at Pro-Gas, LLC understands that times are tough for many of the facilities we support. The best we can advise is to continue pushing forward and help us make the economy a better place for everyone. Stay safe, and remember, we are always here to help out with quality equipment and the latest updates about major news in our industry. Contact us to learn more about any of our products and services.

By now, the evidence is clear that COVID-19 and the global oil price war have had a significant, negative impact on the United States shale industry. In the past, we’ve discussed how the government could possibly help the oil industry through meticulously planned bailouts. However, there are steps the shale industry can take that can help ensure its long-term survival as a global competitor.

Here’s a look at our shale industry insights going forward and how drill sites and production facilities can work together to bring the industry back up.

Oil Will Survive, But Slowly…

According to an article from Forbes, the falling oil prices can’t last forever. Eventually, they will hit their limit and become forced to move back up. However, the article says that even though our industry should ultimately survive, the process will be slow as long as a vaccine for COVID-19 hasn’t been created and approved.

Even after we’ve returned to “normal,” the oversupply of oil will still remain a problem. Experts predict that it could take up to a year for the current oil supply to get used up when prices begin to increase again.

Lower Oil Prices Provide Tax Relief

As oil companies drill on private property, they must pay taxes and royalties to the owners of the property. These payments are based on the overall value of the oil that’s farmed and generally fluctuates with the market.

Though it’s never comforting for oil prices to dip too low, when they do reach the depths that they have, oil companies do receive tax and royalty relief. In the long-run, this relief can help keep U.S. shale production functioning. While it may not be at the levels we want to see at facilities, it at least shows promise for the future of our industry.

Well Site Automation

Although we are still in the early stages of using artificial intelligence (AI) at drill sites, the idea has become something that many companies are considering based on the overall benefits. Currently, one of the biggest factors that financially holds oil companies back is the expense of equipment training and ensuring that sites are well-staffed by numerous employees that are capable of safely maintaining the site.

AI takes the complexity of adjusting drill direction by automatically following the site’s proposed drill path. This use of AI alone provides several benefits that include:

• Decreasing the strain of equipment
• Drilling wells quickly
• Allowance of remote task oversight
• A cleaner work site

Continuous Best Practices

Best practices have always been one of the biggest priorities of our industry. From proper maintenance of equipment like gas coolers to studying specific reservoirs for the best drilling opportunities, continuing to focus on being the best industry we can be will eventually help us to press forward.

Stay Updated on Shale’s Survival With Pro-Gas, LLC

At Pro-Gas, LLC, we know how resilient our industry is. Despite the current economic climate, we are certain that U.S. shale will make it through as we adjust to this new normal. As always, we are here to provide your site with the best equipment at an affordable price, as well as keep you caught up on the latest industry news. Contact us today to learn more about our services.

Learn more about your trusted oil and gas industry service provider, Pro-Gas, LLC.

The shifts in how COVID-19 and events surrounding the pandemic impact the energy industry as a whole are drastic. Unfortunately, the oil and gas sector has been hit the hardest, with record-low crude oil prices and giants in the industry filing for bankruptcy. However, at Pro-Gas, LLC we know that the ebb and flow of oil prices can change in an instant.

For now, here are some of the latest new insights that we’ve seen over the last month.

Currently, the Oil Surplus Outweighs Demand

Summer is right around the corner, and usually, this is the point in time where oil prices begin to rise. As people think about travel and plans get made, oil is bought up and sold at market-thriving prices.

However, with the current pandemic and most of the country under shelter in place orders, the demand just isn’t there and it’s hurting our industry, with oil trading in the negatives.

The Industry Looks Towards Renewable Energy

Although times aren’t the easiest for crude oil, according to an article from Forbes, our market could naturally begin to turn around in the fourth quarter of 2020. According to the article, now, oil producers must diversify their portfolios to remain competitive. This means we could see a move into renewable energy territory. These forward steps could bring on some serious consolidation that could actually strengthen our industry.

The Global Price War Rages On…

One of the biggest issues that set our industry off on this downward domino effect is geopolitics! The crude oil price war between Saudi Arabia and Russia has been going on for over a month now, with devastating effects on our crude oil’s price per barrel.

Although the world has yet to see concrete steps towards resolution, according to energy specialist, Wal van Lierop, the low prices on oil won’t last forever within either political power’s nation.

With prices as low as 25 dollars per barrel, the situation isn’t sustainable without either nation suffering the economic consequences. We will continue to keep our eyes on this crucial story that could end in a huge step towards recovery once tensions cool down.

For the Latest Industry News, Trust the Experts at Pro-Gas, LLC

At Pro-Gas, LLC we love the industry and everyone who plays a role in making it succeed. Right now things may seem grim, but the truth of the matter is, that the sun will eventually shine on us again. With federal efforts and the hope of global quelling in the price war, we will adjust to a new normal that allows us to excel again.

Coronavirus has impacted our nation’s health and economy in many crippling ways. However, we implore you to stay safe, stay patient, and help us win the war against this virus together. For the latest updates on oil’s way back to the top stay tuned with us and remember, we’re always here to help.

Oil and gas has always been an industry that has faced its fair share of ups and downs. However, right now with the spread of COVID-19, our oil wells and production plants have begun to face unprecedented difficulties.

While the initial outlook for many companies in our industry seems dire, the President of the United States, Donald Trump, says that he has plans to get the oil flowing freely once again. Here is a deeper look into the current oil & gas industry and how the POTUS expects to help out our industry.

The Problem Oil and Gas Faces

Right now our markets are in a tug of war between geopolitical arguments that have deeply impacted the price of crude oil. While gas being at an all-time low seems like a great thing for the average consumer, it’s something that can severely harm the overall job market in our industry.

As we face an oversupply of oil, our drill sites continue to try to meet daily production goals. However, with demand on the rise and prices so low, the danger is real that many oil sites and companies may not survive this aspect of the coronavirus effect.

Presidential Goals

According to an article from CNBC.com, President Trump is adamant about getting our energy business back amidst collapsing oil prices.

“I’m with you 1,000%. It’s a great business. A vital business,” the article quoted Trump.

Although tariffs are currently being discussed but not solidified, this is one direction the President could go in as a “tool in the box.”

DOE to Buy Crude Oil

Another way the President has tried to assist the oil industry is through his recent announcement that the Department of Energy will buy crude oil for our national reserve. According to an article from NPR.org this move is meant to:

• Help increase the price of oil (which raised by 5 % since the announcement)
• Save taxpayers “billions and billions of dollars”

Keep Up With COVID-19 Industry Developments With Pro-Gas, LLC

From equipment for production facilities to news about the status of oil drill sites across the nation. Pro-Gas, LLC is your go-to source for industry information while shelter in place mandates are in order. We know that our industry greases the wheels of the economy and are just as eager to see life go back to normal. However, in order to do so, it’s going to take a joint effort. If you can stay at home and stay safe; but remember, if you need us we’re always here to help!

Oil is one of the biggest natural commodities that Texas is known for. Over the years, it’s helped to stimulate our economy and has even been the focus of a famous show that really put one of our cities in the spotlight.

While we’re all still tucked inside and staying safe from the novel coronavirus, the team at Pro-Gas, LLC decided to take a look into the rich history behind our success in oil and how it’s truly impacted our state over the years.

The Big Boom

January 10, 1901 will always be known as the date that oil truly reared its head into the Texas market. On this date, Captain A.F. Lucas was drilling a well at Spindletop, when suddenly a geyser of oil erupted from the earth.

Before the well could be controlled, this geyser at Spindletop had already expelled thousands of gallons of crude oil. This was the moment when future oil moguls knew that Texas had something special beneath the ground, and was the start of the big oil boom in our state.

Was Oil Found Before 1901?

While the big boom was the true start of the petroleum industry in Texas, Lucas wasn’t the true first man to discover the natural resource. In fact, even before Lyne T. Barret created the first drilled well in 1868, early settlers were shown this natural product by the Native Americans in the 1500s. However, earlier oil was used for medicinal and caulking purposes. The oil refineries that we know today didn’t come to fruition until 1898.

The Permian Basin and the Big Lake Discovery

One of our biggest sources of oil is the Permian Basin. Based in West Texas, the basin was part of a massive discovery of oil, deemed the Big Lake Discovery. From that point on, the Permian Basin dropped its renown for being a “petroleum graveyard.” The basin currently produces around 4 million barrels of crude oil per day.

What Were the Socio-Economic Effects of Oil in Texas?

Economically, oil has been a major factor in Texas. Currently, the oil and gas industry pays billions in taxes on its oil production gains. This means that every year Texas earns a large quantity of money that goes towards government programs, schools, and public works needs.

Socially, the boom also proved beneficial to rural individuals and created jobs for the jobless. Many people during the great oil boom sought out to make a name for themselves as wildcatters, drilling across the land. However, much like a gamble on when one would actually strike oil, some were successful and others were not.

Stay Connected with the Oil and Gas Industry Through Pro-Gas, LLC

Right now, the oil and gas industry is in a strange place as prices continue to plummet due to geopolitical circumstances and the threat of the virus that’s spreading through our communities. Pro-Gas, LLC is here to say that no matter what happens, we’ll be here to help our customers pick up the pieces when work returns to normalcy. Stay safe, stay healthy, and remember, we are always available to help.

The oil and gas industry is one that is filled to the brim with terminology. From the inner workings of local facilities to the swarm of activity at an active drill site, there are several terms we throw around that would leave the average person scratching their heads.

At Pro-Gas, LLC, we understand that the community as a whole is what makes our industry go ‘round, and have decided to let you in on some of our ‘top secret’ jargon. Here are seven terms that are old hat to us but could be a fun conversation topic the next time you use an appliance powered by American oil and gas.

1.  Blowout

No, this isn’t in reference to a baby’s diaper, but a blowout in the oil and gas industry can still actually get quite messy. When gas or other mined fluids flow from a well uncontrollably, this is called a blowout. When this happens oil can shoot up to 200 feet in the air. This is primarily caused by a pressure control system failure.

2.  Bottom Hole Assembly

Ever wonder what connects the bit from a drill to the drill pipe at a site? Well, now you know! The bottom hole assembly is an important piece of a drilling rig that extends from the bit of the drill to the pipe itself. These assemblies come in numerous variations which are selected based on the drill site’s needs.

3.  Doglegs

A well for drilling is meant to be a steady, straight location. However, sometimes when a well is created there can be crooked sections that pop up. While it doesn’t impact how well we can drill from the site, it does give the section this special name.

4.  Chainhand

Have you ever wondered what a drill worker who knows their way around the entire rig is called? Wonder no more, and allow us to introduce you to what we call the “chainhand.”  This worker is someone with a wide range of experience across a rig. They are essential to the functionality of a site and are able to help out offshore and onshore managers where needed.

5.  Pig

Although the term “pig” isn’t one that is widely used as a compliment in most situations, a pig is actually an extremely important device that is used at every drill site. Oil and water being pumped through a well will eventually create some messy build-up. A pig is a tool that we have that is a cleaning device for clearing out the pipes. One could say it literally has its snout in the ground!

Cut Past the Jargon with the Help of Pro-Gas, LLC

There is so much more terminology beyond these five favorites we’ve provided. If you have any questions about a term on the job, reach out to us, we are here to be the industry’s number one local source for site products and relative information! We are eager to help you make your facility or site a more effective environment with our leading products and services. Get in touch with us today to learn more about our current product lines.