workover rig jobs in colorado supplier

2+ years previous oilfield and/or workover rig experience preferred. Work on floors or derricks on the rig as needed. May offer relocation package DOE.

You will perform advanced hydraulic fracturing operations and assist in various aspects of the job including pre-job preparation, mobilization, rig up, on site…

The Floorhand performs the duties of general manual labor on the rig and supports and assists other members of the drilling crew during all rig operations.

Experience in offshore and onshore drilling operations, five of which should be at supervisory level with an oil company. Job Types: Full-time, Contract.

Performing rig up and down procedures, nipple up and down and care of the B.O.P. Ensuring safe and efficient rig operations to meet the company’s goals and…

Assist in rig moves: help with rig-up / rig-down, nipple up and down blowout preventers, assist with general assembly and maintenance and help prepare new…

The Crew Worker, under the direction of the Rig Operator, performs activities and operates hand and power tools to perform maintenance and repairs to oil or gas…

Assists in various aspects of Acidizing and Cementing operations, including pre‐job preparation, mobilization, rig up, on site operations, rig down, on‐site…

Must have years of experience working multiple positions on an oil and gas drilling rig. General maintenance of drilling rig. Must be at least 18 years of age.

Develops an understanding of all major rig components and the necessary servicing. Prior experience in oil field, heavy industry or construction is beneficial.

Previous experience as an Frac Equipment operator coiled tubing, rig, oilfield, oil & gas, Oil and gas, energy, energy services, driving tractor trailers, well…

Previous experience as an Frac operator, coiled tubing, rig, oilfield, oil & gas, Oil and gas, energy, energy services, driving tractor trailers, well services,…

Develops an understanding of all major rig components and the necessary servicing. Prior experience in oil field, heavy industry or construction is beneficial.

*Exposure to equipment noises and rig/boat/facility vibrations *. *Sweep and wash decks using a broom, brushes, mops and hose to remove oil, dirt and debris*.

Develops an understanding of all major rig components and the necessary servicing. Prior experience in oil field, heavy industry or construction is beneficial.

...guest and their equipment Demonstrate excellent knowledge of all product and service levels and industry trends Sharpen, wax anddrillequipment as necessary Ensure that pricing is correct and current with any promotions advertised Maintain shop cleanliness...

...the Assembly Associate : * Safely and efficiently produce products meeting quality expectations * Common use of assembly tools,Drilling,hand tapping ect. * Able to read, Understand mechanical drawings and execute work instructions * Maintain shop area safe,...

...organization in order to answer basic questions. Must have working knowledge of facility emergency procedures including fire and disasterdrills.Ability to follow facility policies. Ability to maintain resident confidentiality and adhere to HIPAA policies. Physical...

...and related functions in an efficient manner. This includes but is not limited to bench work, the use of mechanical hand tools,drilling,hand tapping, pneumatic impact, etc. * Able to read, understand mechanical and electrical drawings and execute work...

4 days ago...which may be representative, but not all inclusive, of those commonly associated with this type of work. Air power tools, electricdrill,drill press, crimping machines, grinders (both hand and bench), wrenches, heat guns, lathe, torches, welders, a variety of hand...

11 days ago...practices. Ability to read tape measure in fractions and decimals. Capable of using power tools such as hand sanders, hand grinders,drills,sheet metal tools and hand tools. Capable of learning and performing various tasks in the Field with little supervision,...

12 days ago...with neighbors Create and update policies and Standard Operating Procedures, safety and security manuals, including overseeingdrills,crisis management, and other risk management duties Oversight of school safety compliance with federal, state, and local regulations...

5 days ago...sprinkler systems, and alarm systems). Works in conjunction with Director of Security and Crisis Management Team to complete regulardrills/ evacuations.  Conducts projects feasibility studies and prepare RFP’s where necessary. Ensures employees adhere to the code...

...maintenance and operation of the mud pump(s) on the rig Maintains mud equipment parts inventory, as well as mud materials Handlesdrillpipe and drill collars, while working derrick, laying down pipe, and running casing Greases crown, blocks, shale shaker,...

a month ago...Job Description Our client, a reputable and national leading mining company is seeking a qualifiedDrill& Blast Specialist to add to their team . The ideal candidate will have 10+ years of experience in Drilling and Blasting operations and well networked into...

...NEW MEXICO The Floorhand performs the duties of general manual labor on the rig and supports and assists other members of thedrillingcrew during all rig operations. $27.00 an hour Specific Responsibilities and Accountabilities: Works in a safe, healthy, and...

a month ago...able to retain independence of thought; constructively challenging. Drive and energy with the appetite and intellect required todrilldown into details, get to the heart of issues and drive through change where needed. Absolute integrity; trusted and respected....

5 days ago...work procedures, oil and gas processing design and operations, and production surveillance techniques. Reservoir, completions ordrillingengineering experience is a plus, but not a requirement Excellent communication skills and the ability to effectively interact...

Job Summary: The Field Mechanic: Levels 1 – 4 is responsible for the maintenance and repair ofdrillingor well service rigs and other oilfield equipment, e.g. diesel trucks, trailers, well service triplex pumps, power swivels and various pipe handling tools and...

7 days ago...members who deliver forward-thinking innovations, unmatched global supply chain capability, and market-shaping solutions in reservoir,drilling,production, midstream, and water applications. Their world-class safety culture fuels their purpose to improve lives through...

21 days agoOverview: Pauley Construction has a fantastic opportunity available! We are looking for a DirectionalDrillLaborer to work out of our Colorado Springs, CO office. This position will consist of laborer related work including placing conduit in open trenches, placing hand...

...Hiring positions in Wyoming, Colorado and Northern New Mexico. The Driller directly supervises the rig crew and operates thedrillingrig. $34.00 - 39.00 an hour Specific Responsibilities and Accountabilities: Operations Operates the draw works in the hoisting...

a month ago...knowledge of concrete, asphalt, and aggregate materials testing. PRIMARY DUTIES Preform field sampling and testing utilizingdrillrig, seismic refraction, double ring infiltrometer. etc. Performs a variety of skilled professional engineering work in the office...

...collaboration! If you can see yourself as an integral part of the TTM team, then explore our career opportunities and apply today! Scope:Drilloperators independently set up and operate multiple NC (numerically controlled) machines simultaneously to drill holes, slots,...

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Our people are the foundation of our company. For more than a century we have succeeded by empowering our employees to excel and advance along fulfilling career paths. We are committed to ensuring H&P careers are rewarding, both personally and professionally.

We offer domestic employment opportunities across the United States, internationally and offshore. New employees benefit from our well-established culture focused on our people and strong values. We are an organization committed to developing and applying innovative technology with a passion for and commitment to safety, competitive compensation and benefits and an environment focused on career development. We remain committed to developing our employees as we remain the industry"s most trusted drilling partner.

H&P is committed to equal opportunity employment. All employees and applicants for employment with the Company are evaluated without regard to race, color, sex, sexual orientation, religion, national origin, citizenship status, age, genetic information, physical or mental disability, veteran status, pregnancy or other legally protected status or engaging in activity protected under anti-discrimination laws.

Under direct supervision, this entry level position develops skills to provide operational expertise to internal customer in a professional manner. Assists in region-level projects. Performs assignments ...

Under strict supervision, assists senior operators and/or performs frac- specific job roles (e.g., proppant, chemicals, blenders, QA/QC, etc... ). Learns basic operations to include but not limited to: ...

Under general supervision, facilitates and conducts analysis of supply chain data including company and industry trends in key categories and supplier groups to support supply chain teams. Under general ...

Under general supervision, works within a specialized function with work verified on an as needed basis.Reads and interprets documents such as safety rules, operating and maintenance instructions, procedure ...

in accordance with applicable law. Desired QualificationsTwo-year Technical Degree.5+ years of rig drilling experience or 2+ years of Directional Drilling (DD) experience.Experience functioning as a Lead ...

in accordance with applicable law.About Us: With operations in over 120 countries, we provide better solutions for our customers and richer opportunities for our people. As a leading partner to the energy ...

Act as liaison for internal and external customers and ability to provide downhole solutions for intervention issues. Ability to design, make/break and operate fishing BHA"s. Supervise all onsite and ...

: Capture customer Business Line and all local and international competitor activity in GAC. Identify and qualifies all sales leads and opportunities. Maintain accurate opportunity pipeline in C4C. Plan ...

and activities as directed Job Requirements: Two year degree and 1 years work experience preferred.Experience working in a warehouse environment environment is preferred.Entry level position.No previous ...

in accordance with applicable law. Preferred QualificationsBachelors" degree in Engineering, Geology, Earth Science or a related field Work in a way that works for you We recognize that everyone is different ...

and document electrical systems utilizing analog and digital electronics for use in current and future products through creation of theory of operation documents and test reportsUpdate and maintain PCBA ...

of the Floorhand include: Assisting the Derrickhand, Motorhand and Driller on the drill floor while making trips; Operating manual tongs and slips to connect and disconnect drilling pipe and drilling ...

in accordance with applicable law.About Us: With operations in over 120 countries, we provide better solutions for our customers and richer opportunities for our people. As a leading partner to the energy ...

Monthly manufacturing close, related entries, and analysis. Account reconciliations Perform standard cost rollups daily Review, audit, and prepare reporting for cycle counts Support analysis of inventory ...

Assists technology team with procurement activities including quoting, purchase requisitions, blank purchase orders, new vendor setup, and material requisitions.Assists technology team in developing and ...

Full Stack product development for Windows based software including UI/UX and using embedded SQL server DB, C#, and C++Additional software development responsibilities on a Linux-based instrument/appliance ...

develop and lead the execution of long-term and annual product line growth strategies and plans.Partner with key customers to understand unmet technology needs through voice of customer collection Define, ...

Identify, develop and lead the execution of market strategies and growth plansPartner with key customers to understand unmet technology needs through voice of customer collection to define future product ...

include: Ability to streamline tasks (e.g. repetitive tasks into SAP by looking at history, write scripts to automate processes utilizing vendor/well names to generate tasks) Skills and Qualifications:1+ ...

Are you looking to begin your career as a Floorhand, a Roughneck on an oil and gas drilling rig? Do you enjoy a fast-paced, team-oriented environment? If so, look no further than Precision Drilling! We are looking for High Performance candidates with grit and drive to join the Precision Family. The work is in Colorado and Wyoming, however, our neighbors from Utah, Kansas, Nevada and of course other states are also invited to apply. The entry level position at Precision is a Floorhand (Roughneck). As a Floorhand, you’ll be on the front lines ensuring we deliver High Value solutions to our customers.

As well, we are always looking for experienced candidates. If you have experience as a Motorhand, Derrickhand, Driller or Rig Manager, please also complete this application and upload your work history and certifications.

Precision Drilling has established itself as a market leader, delivering efficient, reliable High-Performance land drilling services to customers. We are active in all major resource plays, working with the most demanding and technically advanced operators.

The Floorhand is responsible for safely and efficiently performing a variety of physically demanding tasks on and around the drilling rig, supporting equipment, structures, and rig systems. Responsibilities of the Floorhand include: Assisting the Derrickhand, Motorhand and Driller on the drill floor while making trips;

Performing repairs and preventative maintenance of the drilling equipment and other components of the rig while adhering to Precision maintenance standards;

Miscellaneous duties including but not limited to offloading/backloading trucks, nipple up/down, care of the blowout preventer (BOP) system, and monitoring the operation of the shakers, return tanks, mud pits and chemical sack area.

As a Floorhand at Precision you will receive an hourly wage of $26.95 per hour, a $35 per diem and on the first day of the month following or coinciding with 60 days of continuous service you will be eligible for our comprehensive benefits including medical, health, and dental plans.

Manufacturer of standard & mobile rigs & carriers for oilfield applications. Includes well servicing from 14,000 ft. to 22,000 ft., workovers from 10,000 ft. to 16,000 ft. & drilling from 6000 ft. to 10,000 ft. Specifications include brakes range from 28 in. dia. x 8 in. wide to 42 in. dia. x 12 in. wide, barrels from 12 3/4 in. x 38 in. to 18 in. x 43 in., chains from 1 1/4 in. to 1 3/4 in., clutches of 24 in. with single & 2 plate air friction outboards, shafts of 5 in. dia. to 6 1/2 in. dia. & gross weights from 63,200 lbs. to 115,000 lbs. Also includes forged steel, demountable options, mufflers with spark arrestors, dry type air cleaners, transmissions with torque converters, water splash brake cooling & up to 6 axles.

At Brigade Energy Services, our mission is to exceed customer expectations on every job by delivering experienced and innovative well service solutions, the highest quality equipment, and personnel steeped in a disciplined team culture. We are committed to safety, integrity, process improvement, measurable performance, and operational excellence.

Looking for a job in the oil and gas industry in Colorado? You"re in luck - there are currently over 130,000 positions in this state thanks to the petroleum industry, including jobs directly rated to extraction and refining, like becoming a derrick operator or roustabout, and jobs in industries like transportation, education, and food service that were created by the influx of oil and gas workers into this state.

In Colorado, you can find jobs in several areas of the state, including the Niobrara Shale play, the Pierre Shale play, the Lewis Shale play, and the Green River Basin Oil Formation.

The most talked-about shale play in Colorado is the Niobrara Shale play, which is located in Northeast Colorado just north of Denver. In the past, plays like this held natural gas that was largely inaccessible since drilling into the shale was a lengthy process and yield was low.

The Niobrara Shale play isn"t the only area where shale holds oil and gas in Colorado. You can also find jobs in this industry in the Raton Basin to the east, where you"ll find the Pierre Shale play, and in the Rocky Mountains San Juan Basin, where you"ll find the Lewis Shale play. Both of these areas are currently just in the beginning stages of exploration, but as more and more companies are successful with their drilling in these areas, we"ll see jobs open for both college educated and unskilled workers - and everyone in between. Shale plays cover a large percentage of the state, so you"ll be able to find a job anywhere you want to live.

The shale plays of Colorado might be most popular in terms of exploration, but there"s also another oil and gas production area in this state called the Green River Basin Oil Formation. This area has been producing for years and it"s expected that it will continue to produce well into the future, which means that you can continuously find jobs in this area.

As industry demand continues to grow, Mud Engineer Salaries are reaching new highs. In fact, according to Indeed statistics, Mud Engineers can make well over $75,000 per year working in America"s fast paced drilling industry. To learn more about what a Mud Engineer does and how to become one, continue below.

Job Description When ranking oil rig jobs, Mud Engineers top the list. Thanks to high pay rates and excellent work conditions, they truly have one of the most satisfying jobs in the field. So, what exactly is "Mud" and what do Mud Engineers typically do?

Mud is simply another name for the drilling fluid used at drilling rigs. As oil and gas wells are drilled, special types of Mud are pumped down into the borehole to maintain stability, cool the drill bit, and clear rock cuttings. In order to work effectively, Mud has a number of different properties that need to be managed by trained specialists called Mud Engineers.

Having earned their title, Mud Engineers condition the Mud so that it meets certain field requirements. To do this, they perform a series of Mud Tests using equipment that most anyone can operate with proper training. After recording their test results, Mud Engineers write out instructions for the rig"s crew so that they can then get started making key Mud treatments. If needed, a Mud Engineer can stay onsite to advise the rig"s crew and supervise treatment methods.

Aside from managing Mud properties, Mud Engineers are also responsible for creating Mud reports, ordering treatment products, and maintaining field relationships. The fact that they have a variety of tasks out on the rig may be yet another reason why Mud Engineers are known to experience high levels of overall job satisfaction.

The first and most basic benefit of being a Mud Engineer is that the job is free from manual labor. Apart from handling small test equipment, Mud Engineers have no reason to participate in physical tasks out at the rig. On top of this we find our second benefit; the minimal amount of paperwork. Although Mud reports do need to be filled out, most of the job really focuses on checking the Mud to make sure that it"s right. And finally, to finish off our top benefits, is the fact that Mud Engineers get to escape from dull office lifestyles. Being outdoors on an oil rig is exciting, especially when keeping company with lively roughnecks.

Job Requirements To get a job as a Mud Engineer you must start by getting trained at a Mud School. Since only a few Mud Schools exist, current training options are clearly limited. Because of this, many new Mud Engineers have chosen to go through month-long courses like Ace Mud School. If you would like to take your first step toward an exciting career as a Mud Engineer, click on this link and visit www.acemudschool.com for more information.

Geological Survey statistics, the United States" current reserves of oil and gas are increasing rapidly. Why? In part, it"s because new assessments of national reserves are starting to account for advances in technology. As technologies like frac and injection improve our ability to recover oil and gas, the total amount in reserve has spiked. But this is not the only factor that has increased our reserves. New oil and gas finds have also been adding to our totals. For a description of these new finds, continue below.

California"s San Joaquin Basin Spanning from Modesto in the north to Bakersfield in the south, Central California"s San Joaquin Basin holds an estimated 393 million barrels of oil and 1.7 trillion cubic feet of natural gas. Since these figures describe only what can be currently developed, the USGS also released a forecast stating that 3.5 billion barrels of oil may be recoverable from the basin in the future. A majority of this future oil is projected to come out of the Monterey Formation which is an emerging shale play that stretches across much of California. In the end, this may mean that some of the oil rig jobs in Long Beach will have to relocate a few miles north over the coming years.

Haynesville Shale formation is likely to be the fourth largest natural gas find in the world. Various sources indicate that it holds between 230 and 250 trillion cubic feet of retrievable natural gas in reserve. Located at depths between 10,000 and 14,000 feet below the earth"s surface, this is enough natural gas to supply the U.S."s total domestic demand for over 10 years. As recently as 2008, the Haynesville formation was responsible for creating approximately 32,000 jobs while contributing $4.5 billion in revenue to the state of Louisiana. With numbers like this it is hard not to be impressed.

Montana and North Dakota"s Bakken Shale In 1995 the U.S. Geological Survey reported that there was an estimated 151 million barrels of oil in the Bakken Shale Formation spanning from Montana to North Dakota. Over a decade later in 2007, roughly 105 million barrels of oil had been produced. With this, some outsiders thought that the area was about to experience steep production declines. To their surprise, recent survey estimates put the Bakken Formation"s oil reserves between 3 and 4 billion barrels. Ultimately, this makes the Bakken Formation the largest single find in the lower 48 states, even ahead of the sizable Austin Chalk Formation of Texas and Louisiana. As a result, oil rig jobs in North Dakota and the Williston Basin are now booming.

To the eyes of an outsider, an offshore oil production facility looks like a modern day medieval castle. It is gigantic, complicated, and most of all misunderstood. Many would even say that an offshore drilling platform has only one essential purpose; to produce oil and natural gas. However, current offshore rigs are much more than just energy producing giants. They are models of self-sufficiency and overall sustainability. These "floating cities" are typically able to produce their own energy while at the same time provide for their own water. More than that, the workers who live on offshore drilling platforms have sacrificed greatly in order to meet our energy demands. To understand the many ways that offshore drilling benefits our society we will start by examining what life is like aboard an offshore rig.Living and working offshore is no easy task. Work days are long and weeks spent out at sea can easily make workers long for loved ones at home. To compensate for this, offshore employees are frequently provided with the highest of living conditions. Private quarters are roomy and are usually equipped with the latest forms of technological entertainment. Many rooms even have private bathrooms and showers as well. Don"t want to be stuck in a room all day? No problem. Rigs are provided with full scale cafeterias that have all-you-can eat portions available 24 hours a day. Because most rigs operate on a never ending cycle, this is simply a must have condition. Other basic amenities include a maid service for cleaning and around the clock laundry service. Even the best hotels cannot offer that type of on the spot service. So now that clothes are clean, room is no longer messy, and the belly is full, what to do next? Rigs have to have forms of entertainment and recreation for employees. Small gyms are very common aboard rigs. The gym serves many purposes. It keeps the mind and body healthy which in turns keeps the employee working hard and effectively. Too tired to work out after a hard day? The lounge is the place for you. Big screen televisions and couches are the hub for social interaction within the rig. Think of the lounge like you would a college dorm lobby. Ping-Pong tables, pool tables, and a relaxed atmosphere. One often overlooked aspect of the oil rig is the attraction of wildlife. Migratory birds regularly use oil rigs to rest their bodies after long treks. Small fish and plant life are attracted to the rig because of the safety and artificial reef-like environment. With small fish come bigger fish and with bigger fish come sport fishermen. It is not uncommon for oil rig employees, given favorable conditions, to use their time off to fish off the side of an oil rig. How does all this translate into a functional self-sustaining facility? The answer again is the people.To compare an oil rig to an ant colony is a shrewd yet easy comparison. Like an ant colony there are different jobs and functions that need to be handled by professionals. An oil rig will employ a number of different experts in fields such as management, production, safety, and even catering. The number of jobs aboard an oil rig are almost too many to count. Craftsmen such as welders, electricians, and mechanics are what most people would expect aboard an oil rig. However, there are also scientists, engineers, and medical professionals as well. All the elements of an oil rig work together to make a self-sufficient society. Unemployment is a large issue affecting the United States today and offshore oil rigs are part of the solution to this problem. As mentioned above, an oil rig needs employees from all forms of professions. The number of individuals needed to build and maintain an oil rig is staggering. Offshore drilling may be controversial in many sectors of America, but one thing is undeniable. Offshore oil rigs create jobs. Interestingly enough, many jobs on the oil rig require no prior work experience. Cooks, maids, laundry attends, and even porters are usually starting out on their first job. In other words, many have the opportunity to show value and worth by working hard and demonstrating their talent in their respected positions. By starting at the bottom of the hierarchy and working hard, an oil rig employee can rise through the ranks to achieve stable and fulfilling careers. But the question remains, how do oil rigs provide a model of self-sufficiency and overall sustainability?As stated above, an oil rigs main function is to produce energy. It is a fact that the United States has to import a majority of its oil from foreign markets. This leaves the United State vulnerable to ever fluctuating global economic conditions. When the oil producing countries raised oil prices in the 1970s it left the United States with an oil and gas shortage which started the debate on the idea of oil self-sufficiency. In order for the United States to become self-sufficient it needs to invest in the construction and maintenance of offshore oil rigs. The oil rig, which produces its own energy, is the perfect model for the United States. Almost everything an oil rig needs it can make. Clearly, an oil rig needs energy to power its infrastructure. The oil that a rig produces is enough not only for the individual rig, but there is a tremendous amount of excess energy that will be used by the average American. Critics may argue about the environmental impact of an oil rig, but the major reason these arguments arise is when there is an unfortunate disaster. There is no doubt that the Deepwater Horizon oil spill in the Gulf of Mexico was a disaster, but it should not affect the entire industry. The argument that the Deepwater Horizon spill should close down all offshore oil drilling is absurd. It was an accident and of course a travesty, however, the closing of offshore drilling will be even more catastrophic.

Offshore drilling is an important step in making the United States a more productive and self-sufficient society. The jobs aboard an oil rig are in demand and offer many key benefits such as the pay, the experience gained, and the amenities provided. Companies across the globe are always searching for individuals willing to take a chance at life aboard an oil rig. Just in North America alone there are countless job openings from Vancouver, to Canada, to the Florida Keys. With the continuing development of science and technology there will be a continued advance in the design and implementation of offshore drilling. The already extremely high safety measures will continue to evolve and with time events like the Deepwater Horizon will be even fewer and further between. With less and less accidents there will be less impact on the natural environment around large scale oil rigs and drilling processes. America and the World need to take notice of what a true technological marvel an offshore drilling operation can be.

What sets the price of oil? Some may think that this would be an easy question to answer, however the price of oil is dependent on a number of complicated factors. To start, oil is classified as a commodity because it is widely used and traded. This means that its price is determined by large markets where it is exchanged. Since market values are dictated by both supply and demand, oil prices also tend to be based on the perception of its scarcity. Things like political turmoil and natural disasters often increase oil"s scarcity and price, even with powerful organizations like OPEC intervening. The following article will assess four of the major factors named above that are most responsible for oil"s price in today"s modern market.

Commodity traders are responsible for bidding on future oil contracts. These contracts are to buy or sell an amount of oil on a future date at a pre-determined price. By establishing agreements about future values, companies can plan for changes in the market which helps stabilize the economy as a whole. But, commodity traders also speculate to make a profit. They can even influence the price of oil to go up or down so that their contracts hold more value when they sell them. Regardless of their motives, all oil traders use the same basic rationale to determine the market"s price. They compare OPEC"s projected output quote to the actual amount of oil that was produced. If there is going to be a supply decrease, the price gets bid up. However, if the supply of oil increases then the price will drop. After analyzing the projected quota, traders then look to oil reserves. Some countries like the United Stated and Saudi Arabia have extensive oil reserves that can be tapped into to increase the oil supply if the price gets too high. When these countries promise to use some of their reserves, traders will allow the price of oil to drop which helps to stabilize the market. On top of information about oil quotas and reserves, traders use the projected demand for oil as a tool to determine prices. Typically, the demand for oil increases dramatically during the summer months. This information is given to the traders by the Energy Information Agency which is trusted for the accuracy of their data. Travel information regarding vacation driving is also considered and is provided by the AAA. After taking all of this information into account, it is up to the commodities traders to determine oil"s end price.

As a result of a crisis in an oil producing country, the price of oil often increases dramatically. This is because the traders usually assume that a crisis limit of the supply of oil coming out of that country. A recent example was when Iran was accused of developing nuclear weapons. This caused a spike in oil prices in January 2012 as Iran threatened to close the Straights of Hormuz. Following this threat, the United States said that it would reopen the straight with military force if necessary. During this time, oil"s price per barrel fluctuated between $95 and $100. Finally, in February, the price peaked just over $100 per barrel when tensions reached their highest. Back in the spring of 2011, the unrest in Libya, Egypt, and Tunisia also strongly affected the price of oil. During this time the price of oil spiked up to $113 per barrel which became known as the Arab Spring. However, the effects of the Arab Spring lasted into Summer 2011. With revolts eventually leading to the removal of several dictators, commodities traders were understandably worried that the supply of oil would be disrupted. Contrary to their fears, the oil supply was not adversely affected and therefore the price of oil began to drop again. By the middle of June, per-barrel prices fell to under $100 which eased consumer stress as well. Taking these examples into consideration, it is easy to see how world crises can create fluctuations in the price of oil.

Any disaster can affect the price of oil if it is severe enough. This is partly due to lowered production and damaged equipment, but commodities traders can still play a surprisingly large role. In fact, traders will bid up the price of oil in anticipation of a coming natural disaster (i.e. hurricane) that is predicted to reduce the amount of oil on the market. If the disaster does not have as large an impact as was predicted, then the price will drop over time. In most cases damage to the industry"s production line is very real and the price of oil will rise in an attempt to combat the lower supply. If the drop in supply is severe enough, a country may choose to open up some of its oil reserves in an effort to cut rising prices. One example from 2005 is Hurricane Katrina. In its aftermath, oil prices increased by $3 per barrel. This is because 19% of the United States" oil production was affected by the hurricane. Between Hurricane Katrina and its predecessor, Hurricane Rita, 113 offshore oil and natural gas platforms were destroyed. In addition to the destroyed platforms, 457 pipelines experienced some form of damage. Obviously, this magnitude of damage lead to a severe increase in the price of oil. A smaller incident that still resulted in a price hike was the flooding of the Mississippi River in May 2011. Commodities traders were concerned that the flooding could damage oil refineries so the price was bid up despite the damage not being as severe as expected.

In addition to the factors mentioned above, OPEC often plays a very large role in regulating the cost of oil. It stands for Organization of Petroleum Exporting Countries. It is comprised of 12 nations that span the Middle East, Africa, and South America. Together, they account for over 60% of the world"s crude oil reserves and over 40% of the world"s annual oil production. The official purpose of the organization is to create price stability for the market while providing necessary profits for its members. To achieve these goals, it works to influence oil prices by increasing or limiting supplies. The power of the organization has decreased somewhat since the 1970"s due to technological and political changes. However, it is still the only organization that can effect production enough to strongly influence the market price of oil.

Most recently, it has been conflicts in the Middle East, natural disasters, and the 2008 financial crisis that have had the largest influence on the cost of oil. The various conflicts that have taken place over the last 10 years have also helped to steadily drive prices up. In the near future the United States may be forced to release some of its crude reserves in an attempt to drive the price of oil back down.

Our highly trained, experienced crews are backed by a complete lineup of service rigs to tackle the most challenging environments. Ensign’s service rigs are purpose-built for industry and are designed to move safely, quickly and efficiently. We plan and prepare for every multi-well program so your downtime is minimized. Our fleet has hundreds of rigs deployed worldwide and our well servicing offerings keep your well performing and producing.

Join us Oct. 31 - Nov. 3, at the Hall 5, booth #5250 to learn how we collaborate with customers to deliver smarter well planning, optimized drilling performance, and innovative completions for production enhancement.

HalVue Real-Time Viewer is a highly efficient real-time data monitoring application that enables you to unlock an immersive real-time environment and collaborate with your team like never before.

The StrataStar™ Deep Azimuthal Resistivity service provides multilayer mapping for precise well placement in the most productive zones of the reservoir.

Company Description Parker Wellbore helps energy companies accomplish their drilling and production goals efficiently, reliably, and safely. Our global team supports oil and gas operators with inno...

Company: Precision Drilling Are you looking to begin your career as a Floorhand, a Roughneck on an oil and gas drilling rig? Do you enjoy a fast-paced, team-oriented environment? If so, look no fur...

Company: Precision Drilling Are you looking to begin your career as a Floorhand, a Roughneck on an oil and gas drilling rig? Do you enjoy a fast-paced, team-oriented environment? If so, look no fur...

220000C4 Nabors owns and operates the world"s largest land-based drilling rig fleet and has one of the largest completion services and workover and well servicing rig fleets in North America. Our c...

Patterson-UTI Drilling The New Standard for Drilling Performance Drill safer, smarter, and faster with Patterson-UTI Drilling"s comprehensive fleet of pad-capable rigs featuring advanced walking sy...

Job Description NOV is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers" full-field drilling, completion, and production needs. S...

A Rig-Up Hand will assist with safely and efficiently rigging-up/rigging-down various jobs on location, loading/unloading trailers with necessary equipment and supplies, and cleaning, maintaining a...

A Rig-Up Hand will assist with safely and efficiently rigging-up/rigging-down various jobs on location, loading/unloading trailers with necessary equipment and supplies, and cleaning, maintaining a...

A Rig-Up Hand will assist with safely and efficiently rigging-up/rigging-down various jobs on location, loading/unloading trailers with necessary equipment and supplies, and cleaning, maintaining a...

Field Service Technician Location: Bryan, TX Position Type: Direct Hire The Field service technician will be traveling to drilling rigs and work on company"s equipment. Will be changing out old par...

National Oilwell Varco (NOV) is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production...

National Oilwell Varco (NOV) is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers" full-field drilling, completion, and production...

220000DH Nabors is a leading provider of advanced technology for the energy industry. With operations in about 20 countries, Nabors has established a global network of people, technology and equipm...

Job Summary Well Service- RIG MANAGER, OPERATOR, DERRICKHAND, FLOORHAND is responsible for all activities conducted on the rig work floor, operation of the mud pump, and fluid connections to the bl...

Job Summary Well Service- RIG MANAGER, OPERATOR, DERRICKHAND, FLOORHAND is responsible for all activities conducted on the rig work floor, operation of the mud pump, and fluid connections to the bl...

Wood is seaching for a Rig Welder with extensive experience in carbon steel welding in the oil and gas petrochemical industry working on a project in Monahans, TX. Authorization to work lawfully in...

**Description:** *Aerotek is seeking 5 experienced oil field hands or laborers. *Warehouse is in Pleasanton, TX and must have reliable transportation. *Overtime weekly up to 70 hours worked. *Drug ...

Airswift has been tasked by one of our major clients to find a Flowback/SWD and Water Transfer Operator to work on a 12-month contract in Douglas, WY. Job Summary The Operator is responsible for th...

Marathon Oil Company seeks a Houston-based Land Professional to work as part of its Bakken Land Team. The successful candidate will preferably have a minimum of two (2) years Land experience demons...

PO&G Resources is a rapidly growing, twenty-three-year-old private oil and gas company. With the ongoing expansion of our operations across multiple areas in the US and the launch of a second i...