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Sunday, July 10, 2022 7:42:36 AM
For the three months of 2022, chemical sales were $2,640 versus $589 in 2021.
As previously noted in past reports, the market tightened up dramatically since the price of oil dropped
precipitously in the fourth quarter of 2014. Drilling and oil production activities have dramatically
slowed down in the United States. The Company is putting its efforts into growing sales directly and
through distribution companies. Skye has sold Drilling and Completion fluids that it carries in its line in
Pennsylvania. Skye Petroleum offers a line of chemical products for most phases of the oil industry at
this time. Skye has been aggressively pricing its products to gain market share and increase its presence
in the industry.
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