While it's been a troubled ten months for the oil and gas sector in terms of prices there does, at last, seem to be some indications that the steady reduction in active rigs is coming to a close for the first time in more than a year. In fact, last week showed the number of active gas and oil rigs in the U.S. increasing for the fifth straight week.
U.S. Crude Oil Production Projected to Grow in 2015
The rapid decline in crude oil prices seen recently has led many observers to wave red flags about an impending massive reduction in domestic oil production, a sector that is greatly reliant on hot shot trucking services. However when reviewing recent data released by the U.S. Energy Information Administration (EIA) reports show that crude oil production in the United States is projected to grow during 2015.
U.S. Energy Production Results Show the Value of Hot Shot Trucking
In addition to continuous good news on the employment front domestically, surely the largest economic story during the second half of this year has been the decreasing cost of fuel due to barrel prices now significantly lower than they were back in the summer. The truth is that this is the result of a uniquely American success story, reliant on technology, policy plus dedication and hard work throughout the domestic energy sector in exploring new sources that have driven production consistently upward. All of these results are in no small part very reliant on dependable hot shot trucking services allowing key equipment and parts to be delivered urgently to locations in the energy field.