The International Energy Agency (IEA) today projected that
slowing North American oil production will cause non-OPEC supply growth to slow
in 2015, though the agency raised its yearly forecasts of non-OPEC oil supply
growth by 200,000 p/d to 830,000 p/d compared to last months’ report.
According to James Ketner, president and CEO Galenfeha, a
manufacturer of chemical injection systems and other low environmental impact
products, falling rig counts and balanced production levels means more oil
producers are seeking efficiency. It also means potentially more business for
the Texas-based company and its newest product.
“Although we have seen a reduction in exploration rig count
over the last six months, production levels are remaining the same,” Ketner
said in a recent statement. “This tells us that U.S. efficiency is on the rise.
Shale producers have asked us to help them cut costs, and this latest addition
to our product line helps meet these goals. We are happy to be directly
assisting producers reduce costs while increasing production efficiency
levels.”
Oil and gas producers are increasingly interested in
efficient operations that minimize environmental impact – a feasible goal via a
reduction in chemicals and highly accurate production.
Previous chemical injection methods are dated, operating
similarly to the drip gas fuel delivery techniques of the early automotive
industry. Galenfeha, however, has introduced a new and cutting-edge component
to the nearly $1 billion North American chemical injection market.
Galenfeha’s recently launched intelligent chemical injection
control system, iWaV, is comparable to modern, state-of-the-art computer
controlled fuel injection systems. The product is an innovative supervisor
control and data acquisition (SCADA) system specifically created for the
control of chemical injection pumps.
Computer-controlled and highly reliable, the iWaV system
enables optimization and management of production controls and is scalable for
any size of operation, from remote stand-alone sites, allowing two-way
communications with pumps and complete control of the entire system.
The result is lower monitoring and controlling costs
throughout the pumping cycle, and highly efficient and cost effective well site
management.
Galenfeha introduced the iWaV in late March 2015 and
currently markets, services and sells the individual and complete systems via
direct sales as well as established relationships with local and national
distribution partners.
For more information, visit www.galenfeha.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment