So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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PacWest Consulting Partners has put out the WelllQ Market Outlook for the second-quarter of 2014, and Gene Lockard examines which shale formations in the US are projected to show significant growth. PacWest: Considerable Growth Expected for US Shale Formations By: Gene Lockard Robust activity is seen for drilling and completion markets in shale plays in North America into 2016, according to the WellIQ Market Outlook for the second-quarter of 2014. WellIQ is a report put out by PacWest Consulting Partners that assesses the health of U.S. and global oil and gas markets. Of the growth plays and basins with significant existing horizontal well activity, those with the highest percentage of projected growth in well activity are Permian Basin, which is projected to grow by 22 percent, the DJ Basin, which is expected to grow by 19 percent, and the Anadarko Woodford/SCOOP, which is projected to grow by 23 percent per year through 2016, PacWest told Rigzone. The SCOOP is the South Central
GDP growth rate doubled from the first quarter to the second this year, a result of increased exports and consumer spending. In this article from the Wall Street Journal, Ben Leubsdorf outlines all the factors that have contributed to this recent growth, including U.S. corporations posting record profits during the second quarter. GDP Expanded at 4.2% Rate in Second Quarter By: Ben Leubsdorf Corporate profits surged last quarter while the U.S. economy posted robust growth, putting the economic expansion back on steady footing headed into its sixth year. Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 4.2% in the second quarter after accounting for inflation, the Commerce Department said. The agency last month initially estimated the second-quarter growth rate at 4%, relying on incomplete trade and other data. GDP contracted at a 2.1% pace in the first quarter, dragged down by falling exports