Ripple effects
20.05.12
The Cook Inlet saw an upswing in oil and gas exploration in 2011, with three independent oil and gas companies drilling new wells and another independent submitting more than 90 bids in the near-record Cook Inlet lease sale in June.
The increased activity has had a direct impact on companies that support the oil and gas explorers. Those businesses do everything from drill wells to dispose of waste.
Al Hull, from Petroleum Equipment & Services, Inc., said his outfit has felt the increased demand.
“This is the busiest I’ve seen it in a long time,” Hull said.
Randy Harris, from Rain for Rent, agreed.
“We are really excited with all the new companies working in the area, there should be plenty of opportunity for support services,” he said.
Petroleum Equipment & Services and Rain for Rent serve different oil and gas development needs, but both said the upswing is helping them out.
Rain for Rent provides water-related services to the industry, including portable storage tank rentals, pumps, filtration and other goods.
Source: Kenai Peninsula Online