The VOLTA Battery-Powered Torque Wrench is the newest addition to TorcUP, Inc.’s extensive line of industrial bolting tools.  Power-driven by a Lithium Ion 6.2 Ah re-chargeable battery, the VOLTA combines cutting-edge technology with the freedom and flexibility of cordless operation making it ideal for the oil and gas industry.

The VOLTA’s precision-engineered, brushless motor delivers efficiency, longer run-time and extended durability, while its configurable torque range capabilities ensure ease of use and repeatability. The tool’s internal brushless technology also allows the wrench to run cooler, providing bolting application safety and versatility in harsh environments like well sites and pipelines in the Marcellus and Utica shale plays as well as shale plays in Texas, North Dakota and Colorado.

Additional features include digital display, torque memory settings, automatic reaction arm release and ft/lb to Nm conversion.  The VOLTA is available in two drive sizes (3/4” and 1”) and four models with a torque ranges from 120 ft/lbs to 3, 000 ft/lbs.

TorcUP, Inc. has been providing industrial torque and bolting solutions since 1996. We offer worldwide sales, support and service. All of our tools are proudly Made In USA. Visit www.torcup.com to view our full product line.

For more information, contact:

Jessica Wise
TorcUP, Inc.
(610) 250-5800 ext. 124
jessicaw@torcup.com
www.torcup.com

https://www.shaledirectories.com/blog/?p=3653

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Fast Facts Intro:

  • Report ranks 97 international jurisdictions that collectively represent 52 percent of proved oil and gas reserves worldwide and 66 percent of global oil and gas production. The rankings do not take into account the amount of proved reserves in a jurisdiction.
  • Completing this report were 333 oil and gas executives and managers responded to this year’s survey, which evaluates jurisdictions based on investment factors
  • The investment factors are highly influenced by Policy Perception Indexes (PPL) which include but not limited to fiscal terms, taxation, environmental regulations, regulatory costs, consistency and enforcement, political stability, quality of infrastructure and geology, and availability of a skilled workforce
  • Among the 15 jurisdictions with the largest petroleum reserves worldwide, Texas is number one, followed by United Arab Emirates, Alberta(Canada), Kuwait and Egypt.
  • Among regions, Venezuela is number one, Europe finished second to the United States, followed by Canada and Australia. Globally, every region except Africa, Canada, Latin America and the Caribbean experienced declines in investment attractiveness, according to the survey.
  • This year, U.S. states comprise six of the top 10 jurisdictions around the world:Texas (1st), Oklahoma  (2nd  ), North Dakota (3rd), West Virginia (5th), Kansas(6 th) and  Wyoming (9th).
  • California and nine foreign jurisdictions are the least attractive (investment) jurisdictions for oil and gas investments and their PPI rankings reflect it.

“With oil and gas investors losing confidence around the world, it’s crucial for policymakers to pursue sound regulatory and tax regimes—and perhaps most importantly stable environmental protections —that attract, not deter, petroleum investments,” Green said.  He further explains, “This year the United States experienced a two-point decline in its weighted score. Despite this, the United States remains the region with the most attractive policy environment for investment in upstream oil and gas.” (emphasis added)

Kenneth Green, the Fraser Institute’s senior director of natural resource studies and co-author of the 2017 Global Petroleum Survey, said,

“Texas and Oklahoma have, for years, been seen as the most attractive jurisdictions in the world for oil and gas investors — proof that sound regulatory policies and stable environmental protections help attract scarce investment dollars even when commodity prices are down.”

Texas, Oklahoma and North Dakota, as well as Saskatchewan in Canada, are the only four jurisdictions in the world to consistently rank in the top 10 for six straight years.  These jurisdictions dominated the lists with “Policy Perception Indexes” (PPI) of 100 percent, 94.14 percent and 91.54 percent, respectively – it is West Virginia that had one of the most notable improvements in the rankings with a PPI of 90.81. According to the survey, “West Virginia jumped 17 spots this year into 5th (of 97), after placing 22nd (of 96) in 2016. This marks the first time West Virginia has been in the global top 10 in the last five years.”

All told, the United States ranks high overall with 16 of the 21 U.S. jurisdictions included in the survey ranking in the top 50 percent globally. And all but three jurisdictions fell into the top two investment quintiles with PPI scores of 60 or better, as the following graphs show.

So what happened to PA and OH???   It was about seven years ago at Canton Chamber of Commerce’s inaugural Utica Summit, J.P.Morgan – an international investment representative was keynote speaker.   I remember it like it was yesterday.   The essence of his presentation was – ‘there is enough natural gas in the Appalachian Region to fuel the entire east coast for 50+ years’.    In fact, he coined Marcellus as the “Marcellus Monster” with high expectations of investments globally in the Marcellus and Utica.   On the graph PA and OH have not fared well over the 2-3 years when compared to WV who jumped 17 stops – in one (1) year!   Shortly after PA’s Governor Wolfe came into office the governors of PA, OH and WV met to discuss the future of natural gas production in the Appalachian Region knowing that due to the ‘investment’ needed by the oil & gas industry the region (and their constituents ) could reach its potential only if all three states worked together.  Surprisingly – at least to me- all three governors boasted how they work with the oil & gas industry while maintaining prudent environmental stewardship.   Not sure about OH, but PA seems to have dropped the ball starting with the process of issuing permits.   And now, at the start of campaign season, Governor Wolfe is back to additional fees and a severance tax on oil and gas.   It’s been his campaign promise on his first run, not sure how much mileage he’ll get on the second run.   Already competition is gearing up to defeat Wolfe.   However, in spite of these challenges the rig count is up in PA and OH with more rigs moving in early 2018.  Pipelines in PA have been stymied with environmental activists who are believed to be funded by large foundations in PA.   Like the chicken and the egg, which came first; PA and OH may need to wait for new governors or changes to the regulation for the Appalachian Region to reach its real investment potential.

Joseph Barone
President
Shale Directories, LLC
www.shaledirectories.com
jbarone@shaledirectories.com

https://www.shaledirectories.com/blog/?p=3650

Helmerich & Payne Inc. (NYSE: HP) said Dec. 8 it acquired Magnetic Variation Services LLC (MagVAR), a firm focused on enhancing the accuracy of directional drilling and wellbore optimization.

The Tulsa, Okla.-based company, also known as H&P, didn’t disclose the financial terms of the acquisition.

MagVAR was founded in 2010 by Stefan Maus, a senior scientist at the University of Colorado. Through comprehensive 3-D geomagnetic reference modeling, the company provides measurement while drilling (MWD) survey corrections by identifying and quantifying MWD tool measurement errors in real time.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/hampamppamp039s-acquisition-of-magvar-to-bring-shale-drilling-accuracy-to-new-level/

In oral arguments Tuesday before a state court, the Massachusetts Attorney General’s chief counsel laid out the state’s case for trying to investigate ExxonMobil for allegedly hiding climate change from consumers. Under heavy questioning from a panel of judges, the AG’s representative repeatedly asserted that ExxonMobil should have included a warning about climate change on all of its advertising – including at the gas pump.

Continue reading on EID Climate.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/massachusetts-ag-wants-climate-warnings-at-gas-stations/

Petro Harvester Oil & Gas LLC is selling certain operated properties in the Central Louisiana Wilcox play through an offering handled by advisory firm TenOaks Energy Advisors LLC.

The offer comprises roughly 7,000 net acres in legacy fields including the Reddell, Pine Prairie, Port Barre, Mamou/Beacon’s Gully, Iberia and Leleux fields. The assets, which have a monthly net cash flow of $1.3 million, are located in Evangeline, St. Landry, Vermilion and Iberia parishes, La.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/marketed-operated-wilcox-properties-central-louisiana-petro-harvester/

U.S. District Court Judge James Boasberg has ordered Dakota Access Pipeline (DAPL) operators and federal and tribal officials to coordinate an oil-spill response plan for the line, court documents show.


Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/dapl-operators-to-coordinate-oil-spill-response-plan-with-tribes-army-corps-judge/