article thumbnail

The Economic Impact of Oil and Gas in Texas

Texron Operating

Igniting Prosperity: An Insight into the Economic Influence of Oil and Gas in Texas A pivotal component of the Texan economic landscape, the oil and gas sector has been fueling the state’s growth engine for decades. Texas’s oil and gas industry powers economic growth and enriches the state’s cultural tapestry.

Oil 52
article thumbnail

What It’s Like To Work On An Offshore Oil Rig

Drillers

Working on an offshore oil rig or platform is a unique experience Note: In this article, we’ll use the word ‘rig’ and ‘platform’ almost interchangeably, but a rig does the drilling, and a platform does the pumping. Offshore oil fields represent a substantial portion of the worlds total crude oil output.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are Tangible Drilling Costs?

Aresco

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and natural gas. These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production.

article thumbnail

Drilling Rig Systems

Rig Skills

Draw works It have a drum on which drilling line is reel in and out to move travelling block inside mast or derrick for raising and lowering drilling string. How Drilling rig Systems Work-Complete Guide Buy Now Crown Block Crown block is top most part of mast or derrick. It have number of sheaves on it.

article thumbnail

Fifth Circuit Identifies Potential Conflict with Supreme Court on Jones Act Seaman Test

The Energy Law Blog

3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment.

Casing 40
article thumbnail

Fifth Circuit Identifies Potential Conflict with Supreme Court on Jones Act Seaman Test

The Energy Law Blog

3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment.

Casing 40