September 2017 photo of the month

It is no secret that something has changed in the worldwide crude oil market.  The lower oil prices and subsequently lower gasoline prices are a reflection of an economic down turn as well as improved production due to advances in technology such as horizontal shale drilling and multistage hydraulic fracturing.  All of these factors have lead to the filling of worldwide crude oil storage to maximum capacity.  The oil glut and the resulting low prices are good for the average consumer, but make life difficult for the small oil and natural gas producer.  This poor old pumping unit located in Honeytown makes a good visual representation of some of the struggles that local producers are going through.  Its I-beam just couldn’t pump another barrel.  This well however, didn’t sit idle for long as a replacement was installed within a week.

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