Wednesday, August 11, 2021 12:24:39 AM
In the Onshore Oil & Gas Industry there is a variety of equipment needed to drill new wells and service existing wells. Drilling Rigs (big and small), Tankers to move fluids back and forth, etc.
Anyone tells you that the industry is depressed or not growing is full of carp as noted by the latest rig count below.
A year ago August, there were 294 rig operating in the the North American market. Currently there are 647 rig's operating in North America. Sounds like an uptrend to me.
So in this JV, I see each partner bringing something to the table that will benefit each member of the JV and PCTL will be providing (selling) the fluid's to the JV for New Wells and for servicing existing wells.
I am by no means pumping PCTL. I am putting the information out there for each person to use as they see fit so that they can make there own decision whether this company is his/her bag of tea... Something about some forests and some trees comes to mind.
If you don't like what you see in PCTL and what they are doing and/or you think I am full of carp, no problem. "Move along folks, nothing to see here."
More to come in Part III
PCTL and Disruptive Oil & Gas Technologies are fixing to Rock Our World!
Recent PCTL News
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
