Replies to post #24756 on Allied Energy Corp (AGYP)

[Orion1972]

that is the polar opposite to everything I have read about ESP pumps.. unreal..

[JOHNNIEBG]

Dec 14, 2021 (The Expresswire) -- Global “Electric Submersible Pump (ESP) Market" is expected to grow at a steady growth during the forecast period 2021-2025, Electric Submersible Pump (ESP) Market report offers insights into the latest trends. It summarizes key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2021-2026, The Report Contain126 Pages With Detailed Analysis.

https://www.mordorintelligence.com/industry-reports/electric-submersible-pumps-market#:~:text=The%20market%20for%20oil%20and,forecast%20period%2C%202020%2D2025.&text=The%20onshore%20sector%20accounts%20for,mature%20fields%20in%20the%20sector.

North America to Dominate the Market
In 2019, North America was estimated to be the largest market among the regions studied.
The oil and gas industry in the United States is projected to provide a huge impetus to the ESP market, on account of widespread investments lined up in oil and gas projects for the coming years.
Around USD 76 billion is expected to be spent on 97 upcoming oil and gas projects in the country between 2018 and 2025. Such robust growth in terms of new projects is projected to create a demand for new ESPs and gas lift systems in the United States, in the long run.

[BCNstocks]

Here is an excellent article discussing the advantages of electrical submersible pumps. This is pretty in-depth and goes into detail about how the pump works and the advantages of using the ESP. To note this is NOT new article. It is from PetroWiki:

Electrical Submersible Pumps (ESP)

https://petrowiki.spe.org/Electrical_submersible_pumps

$AGYP