Monday, December 05, 2016
What in the world is going on with oil prices right now? That’s what many industry analysts are asking in light of a deal that was struck by OPEC recently. According to the terms of that deal, OPEC members have decided to cut the production...
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Tuesday, November 22, 2016
Does your company need help with custom molding services? At Lowrance Machine Shop, we specialize in providing our clients with the resources they need to create custom molds. We will work with you to figure out exactly what kind of mold you...
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Tuesday, November 15, 2016
Now that Donald Trump has been elected to be the next president of the United States of America, there are many people who work within the natural gas and oil industry who are excited to see what the future might hold for them. Oil prices have...
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Thursday, November 03, 2016
Your business depends on critical machines and equipment operating smoothly and efficiently. Breakdowns not only mean repair costs, but also expensive downtime. In many industries, like oil and gas, equipment may be designed with non-standard special fasteners....
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Thursday, October 27, 2016
The price of crude oil has dropped dramatically over the course of the last decade. Back in 2008, a barrel of oil cost more than $150, but in recent years, the cost has plummeted, and has been between $40 and $50 per barrel for the...
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Tuesday, October 18, 2016
If you are into welding, there’s a good chance that you have at least heard of the two major types of welding: MIG and TIG. But what are the differences between these two methods and what is each different approach used for?...
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Monday, October 10, 2016
It has been a roller coaster ride for everyone involved with or invested in the oil industry this year. Oil prices have dropped as low as $27 per barrel earlier this year, about one-fourth of the price...
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Tuesday, September 20, 2016
There are plenty of stories about oil fields in the news, but most of them concern well-known fields. Houston-based Apache Corporation, however, recently announced its discovery of a significant oil and gas resource play in West Texas. ...
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Wednesday, August 17, 2016
Amid ongoing news of low and stagnant oil prices, it is easy to assume that U.S. oil production will also remain in a slump. A recent analysis by Forbes reaches a different conclusion, however. That report actually forecasts that U.S. production is poised to grow...
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Wednesday, August 10, 2016
Oil prices have kept investors and oil companies on edge over the past months. Prices, while still volatile, have at least been climbing recently. The worst may be over for now, but industry analysts are still predicting that oil markets will remain flat for quite...
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