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What Is A Pony Rod?

February 8, 2018 0

byAlma Abell

If you are like most people, then a pony rod may sound like something you would use to direct ponies at a party or something similar, but it is actually an important component in pumps. These rods are under a lot of stress inside of the pumps and need to be made of quality materials. Here are a couple of things you should know about pony rods in Weatherford TX.

What Do They Do?

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Pony rods are used in the oil industry for their pumps. The purpose of a pony rod is to connect the surface components of an oil well pump to the downhole components. This is essential for removing oil from the well. This makes it work in a similar way to connecting rods in a car engine. This is because it is transferring the circular movement from the surface unit into a reciprocating movement for the pump.

Threaded Rod Ends

Because the pony rod is used to connect components at the surface and deep inside of the well it needs to be threaded to allow it to easily be connected and put into place.

Durability

Pony rods are used in extreme conditions, so it makes sense that they would be built using quality materials and standards. Pony rods are made to AISI 1530 MOD standards and are usually available in3/4, 7/8, and one-inch versions for strength. This is needed to make sure the rod is not going to deform or bend during use. These rods are 25 to 30 feet long, so they could easily get bent if quality control is lacking.

Pony rods are a vital component to oil drilling and are needed for oil extraction. They are made to high standards and are made of high-quality materials to keep them from bending under stress. Without pony rods, you would not have the gas to get to the pony party.

If you are looking for a source of pony rods in Weatherford, TX check out DH Pump Supply. You can learn more on their website.

Understanding What Is A Barrel Of Oil?}

October 24, 2017 0

Understanding What Is A Barrel Of Oil?

by

Terry Stanfield..

If you are considering investing in oil, you probably are thinking of a commodity. There is a difference between investing in oil commodities and investing in oil drilling. When you invest in commodities, you may measure the amount of your investment by a barrel of oil as this is the measurements that are used in this type of commodity. This does not mean that you have a barrel of oil in your possession, but you do own shares in oil. You make money when the amount of the oil goes up. The money that you make on this type of investment is called a capital gain. You will pay taxes on that.

There is another way that you can invest in oil. That is investing in domestic oil drilling. There are considerable tax advantages to this type of investment. This includes tax advantages that will include being able to write off the cost of drilling, stretching the capital gains that are earned when the well begins to produce. You can expect a steady stream of income when the well strikes oil that can last for years. The capital gains can be stretched out over a depreciation period of 7 years, or in some cases, during the life of the well. This is what is known as investing in domestic oil exploration.

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Investing in domestic oil exploration can be a long term investment that can net you considerable profits. If the drilling is successful and your project strikes oil, you can expect a high yield return on your investment. But even if the well is dry, you can still reap the benefits of the tax write off for dry wells. Many people invest in oil drilling for a loss. Because of the tax write offs for even a dry well, you can end up saving money on your taxes by taking the write off. You can write off 65 percent of the loss that you incur on such an investment. When coupled with the drilling write offs, this can end up saving you money on your tax returns.

Investing in oil exploration is an entirely different type of investment than investing in the oil commodities. Instead of looking for the price of oil to go up and hoping that you can make money, you can make a lot more money if you invest in domestic oil drilling.

Know the company that plans to do the drilling and their success record before you embark on this type of investment and be sure that you understand the terms of the agreement before you invest. There are a lot of opportunities when it comes to investing in oil that do not include buying a barrel of oil.

Visit Evans Energy’s site for information on

oil and gas exploration

and

oil and gas investments

.

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Understanding What Is A Barrel Of Oil?

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