U.S. oil and gas companies grow at a modest cost

Drying equipment

Fitch Ratings International recently stated that despite the dramatic increase in drilling and service costs, the cost of oil and gas discovery, development and acquisition (FD&A) of U.S. oil and gas companies increased only modestly in 2011, and was still lower than in 2008.

According to Fitch Ratings, the median cost of FD&A for 19 large-scale US exploration and mining companies in 2011 was US$18.51/barrel, US$14.89/barrel for 2010, and US$20.31/barrel for 2008. .

Fitch Ratings stated that the only modest growth in FD&A costs is the contribution of technological progress.

Bimetallic Hardfacing Wear Seamless Pipes and Elbow

Bimetallic hardfacing wear Seamless Pipes and Elbow utilize an overlay process that involves open arc deposition of chromium carbide in a manganese and steel matrix. Single pass(1/8" to 3/16") hardness on the inner pipe surface can be up to 60HRC while two passes(1/4" to 3/8") surface hardness can be up to 63HRC. The overlay is rated to be stable at 900°F and a special high temperature version.

Hard-plate® wear pipe is available for applications up to 1200°F or 1800°F with stainless steel backing pipe, and is also available down to a 2 inch diameter and is applied spirally to avoid seams that are parallel to the direction of the material flow. Wear life of our Overlay Pipe can be up to 15 to 1 over standard pipe.

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