JR Contracting JR Contracting, LLC is an oil and gas field service company operating in multiple areas of the US, including Pennsylvania, West Virginia, Ohio, Maryland, Virginia, and North Dakota. The company provides a multitude of services to their customers, including: With such a large menu of offerings, the company operates with a fleet of […]
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On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA), which takes effect on January 1, 2023, and resurrects the Hazardous Substance Superfund Trust Fund Tax (aka “Superfund” tax) on oil and petroleum products. We want to make you aware of tax changes effective January 1, 2023, which will impact the […]
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The oil and gas industry is one of the most important verticals in our everyday lives. Without oil and gas, nearly all individuals and businesses would be impacted. That’s why it’s vital that we support the oil and gas industry in their own unique fuel needs. Recently, Guttman Energy’s fueling solutions worked with an oilfield […]
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The latest data from the Energy Information Administration (EIA) from January 14th showed a small crude inventory build of 500,000 barrels. This has been coupled with a large increase of gasoline which added 5.9 million barrels. Even with this inventory build, United States commercial petroleum stocks have declined most of the past eighteen months. The […]
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This past Thursday, Congress once again postponed the vote for the $1 trillion bi-partisan infrastructure bill. This investment over the next 10 years will plan to rebuild bridges, roads, Power Grid’s, along with water and energy systems. This 2,700-page bill which was passed this summer has been postponed by House progressives who are focused more […]
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Unless you have been living under a rock, it is no secret crude oil has been on a tumultuous ride. Crude has long been a commodity that follows up and down trends on traditional cycles. The seven-year boom followed by a year of bust broke cycle in 2015 and saw the oil and gas sector […]
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Oil and gas explorations remain sluggish and failing to rebound as expected. At $40+ a barrel and positive market indicator would historically promote conditions for the industry to recover, however there has been no indication of a recovery to speak of. The new normal seems to be a slim, budget conscious, and efficient industry soup […]
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The use of drones are being utilized in various industries all the time, from the military to recreation, but could we see the use of drones in the oil and gas industry? Of course, the drone model DJI M300 is used quite frequently in refinery inspections. “The accuracy of measurement increases with every new DJI […]
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Volatility in investing in oil and gas is nothing new, but the COVID-19 pandemic-driven demand destruction is forcing oil and gas companies to reassess the value of their biggest assets, proven reserves. Oil and gas companies have historically held faith in their reserves even during energy downturns, but this time feels different, and oil executives […]
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Ever since WTI crude oil prices broke out above the $32/barrel level in May, we have been on a steady grind higher. The question is, will this continue?
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