Workover Rigs Help Boost Oil Supplies and Lower Gas Prices Nationwide

According to a survey, a growing number of Americans are calling for increased domestic oil production. In turn, many oil and gas companies see fit to buy additional workover rigs that are used to drill for oil. This boom has caused oil supplies to increase, hence the decrease in gas prices. With the federal government likely to open up additional offshore drilling sites, oil supplies are expected to increase in the near future.
http://www.loadcraft.com/blog/workover-rigs-help-boost-oil-supplies-lower-gas-prices-nationwide

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Tips on Choosing Good Oil Drilling Equipment and Parts like Drawworks


For hassle-free oil extraction, oil producers should look into equipment from top manufacturers and have a good reputation on the market. The fact that they are well-known manufacturers means they have access to the latest technologies to deliver products with advanced capabilities.

Oil companies seem to be facing a hurdle these days due to the increase in operational expenses. To make up for this, they should rely on quality equipment from established designers and manufacturers like Loadcraft Industries, Ltd. This company also offers a parts and field service distribution to repair any faulty components and restore the equipment to normal.
http://www.loadcraft.com/blog/tips-on-choosing-good-oil-drilling-equipment-and-parts-like-drawworks