- 665
Energy, Inc. positioned to supply upstream, midstream and downstream
clients in oil and gas industry
- Global
market for oil industry supplies expected to grow to $205 billion by 2020
- Company
also advancing plans to expand into purchase, refurbish and resale of oil
drilling rigs
The energy industry continues to form the bedrock of
life-improving technological innovation more than a century after the end of
the second Industrial Revolution, propelling global economies in which rapid
transportation, mass manufacture and space satellite-enabled communication
combine to elevate the standard of living for people around the world. As
modern clean energy proponents work to inspire maturity in the industry,
boots-on-the-ground companies such as 665 Energy, Inc. (OTC: SSOF) are helping
to ensure that the precious gift of energy continues to propel living standards
forward by supplying needed equipment and resources.
665 Energy is the parent corporation of Five Star Rig and
Supply, Oklahoma Rig Fabricators and 66 Oilfield Services — companies that
provide oilfield supplies and equipment, drilling rig refurbishing and
inspection, and drill pipe parts and services. Its customers are companies
active in all sectors of the industry pipeline, including contractors, repair
companies, midstream operators, refineries and utilities. 665 Energy only
recently completed the acquisition of Five Star Rig in July.
At a time when billions of people — almost 40 percent of
humanity — only have access to basic forms of energy and maintain a low
standard of living (http://ibn.fm/ipyuK),
the ability to keep energy resources flowing to a growing world population and
explore ever-new ways to distribute it is critical. Chevron Corp. (NYSE: CVX)
CEO and Chairman Michael Wirth recently cited a report by The International
Energy Agency in projecting that energy demand will rise more than 25 percent
by 2040, at least half of which will be required of the oil and gas industry in
spite of low-carbon green energy innovations (http://ibn.fm/oPCk3) because of population growth and
rising incomes.
As a holding company in the oilfield equipment and supply
industry, 665 Energy has the scale and presence necessary to couple the right
inventory with the right services for its wide variety of clients. The company
is headquartered in Oklahoma City and has additional facilities in Germany and
Dubai, granting it a worldwide reach and access to key industry production
areas.
Market analysts at Statista predict that the global market
for equipment to supply the industry will make quick gains from $194 billion in
revenues now to $205 billion in 2020 (http://ibn.fm/cZHkj). 665 Energy president and CEO Jason
Clayton reported recently that the company is expecting to secure at least
$63.4 million in additional net profits (before financing costs) within the
coming months from the purchase, refurbishment and resale of 11 oil drilling
rigs (http://ibn.fm/Bz5Ir),
evidence of the company’s recent decision to expand into such a line of
operations.
665 Energy is currently working to complete a full audit of
its operations in preparation to meet U.S. Security and Exchange Commission
standards and uplist to the OTCQB Venture Market by the end of the year (http://ibn.fm/n4rif).
For more information, visit the company’s website at www.665Energy.com
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480.374.1336 Office
Editor@QualityStocks.com
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