2019 Projections for Oil Rigs & Production

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Leading up to 2019, the oil and gas growth in the United States has steadily increased. Most of this growth has been attributed to an area known as the Permian Basin in West Texas. In fact, more than 40 percent of America’s active oil rigs are in this region. However, when it comes to sustainable records of domestic natural gas production, the Marcellus Shale region takes its share of the credit. While the Permian Basin and the Marcellus Shale are undoubtedly the leaders in American gas/oil production, that growth continues into other areas of the country.

As the market continues to increase, companies find it both important and prudent to protect their tubulars and oilfield equipment. Thanks to companies like MSI, protecting your pipe for rig use has never been more accessible, affordable, and effective.

Oil Rig Counts and Production

In 2018, there was a little over 1,000 active gas and oil rigs throughout the nation on average. This put last year’s total rig count in the US at its highest in the last four years. In fact, the Permian Basin, Marcellus Shale, and the Bakken experienced the most dramatic increases in production. Hence, the outlook for American crude oil production forecasts an increase. This slight increase should surpass12 million bpd throughout 2019.

Production Companies in 2019

On the production end, oil companies can look forward to an increase in demand. Consequently, this means they should ensure that their oil rig equipment works well when they’re ready to use it. It also means when they transport and store drilling equipment, it must also remain in pristine condition until use. Fortunately, with MSI’s innovative pipe protection products, producers can safeguard equipment to ensure their operations are lucrative in the end.

We’re Here in 2019 to Help You Deliver

At MSI, we carry a wide range of pipe caps, plugs, and thread protectors of various sizes. It’s important for us to provide producers with reliable and easy-to-use products that also have durable connections to prevent leakage and corrosion.

In the end, we’re here to help you make the most of oil rig exploration and operate in a safe and efficient manner. Our durable, high-quality products also help you ensure the ultimate return on investment. Connect with us to see how we can help you deliver protected pipe all day, every day. Request a quote, contact MSI around the world, or call us directly in the U.S. at 877-276-9208.

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