2016 saw an incredible land rush in the Permian Basin, where $40 billion in land deals were performed in just 12 months; and yet we didn’t see a corresponding increase in drilling activities…
Will we see an increase any time soon? Check out this article by Jeff Mosier of Dallas News for more details and to see how this is will likely impact the hydraulic torque wrench industry and the jobs of those who use them.
https://www.dallasnews.com/business/energy/2018/01/09/oil-gas-deals-permian-basin-could-heat-2018