Where to Find Oil and Gas Industry SuppliersPosted by IndustryNet on Tuesday, February 4, 2020
4 MIN. READ The United States is one of the largest oil and gas producing nations in the world. Accessing these vast reserves requires millions of dollars in specialized equipment. Fortunately for exploration companies, there are plenty of choices when it comes to finding the right machines, equipment and supplies domestically. The Downside of OutsourcingFor years, local sourcing has been ignored due to the allure of low-cost options overseas. As supply chains moved to China, local manufacturing and its related economies and knowledge pools suffered. Besides the loss of local jobs, China's trade behavior has cost American businesses in numerous other ways. The country has long violated our intellectual property rights, engaged in forced technology transfers, utilized currency manipulation and heavily subsidized its domestic industries. The full extent of this damage was not truly appreciated until recently. Since 2001, unfair trade practices with China have cost nearly 4 million jobs and created a peak deficit of almost $420 billion. These costs didn't appear on most companies' balance books, but bled American companies dry. To rectify this situation, the Trump administration enacted high tariffs on goods coming from China, essentially starting a trade war. One of its main purposes is to drive manufacturing back home. Reshoring Offers AdvantagesSourcing from local manufacturers has many benefits. Logistics are simplified when products remain not only on one continent, but inside one country. There's no need to clear customs and no tariffs when moving goods from state to state. Direct shipping costs are, of course, lower because the maximum shipping distance for any product in the 48 contiguous states is far less than the distance from the U.S. to China. Expedited shipping is readily available and there are no weeks-long delays at international ports due to labor disputes or other interruptions. Supply chain integrity is superb. For example, the oil and gas field equipment sector gets 86% of its raw materials domestically, insulating against disruptions like the coronavirus outbreak. Local sourcing also gives buyers some protection, especially when buying oil and gas field equipment. The ability to visit a supplier in person, see its facilities, and meet its engineering staff and management team provides peace of mind. There are no language barriers and no need for a translator or agent to facilitate a sale. Intellectual property is both respected and protected. Further, potential incompatibilities with existing equipment can be addressed in person rather than after a shipment arrives from overseas. These factors are just some of the intangible advantages of a domestic supplier. Oil and Gas Field Equipment SectorSince oil and gas field equipment is so specific to the task, many manufacturers have sprung up in regions of the country that happen to have large reserves of these resources. The oil-rich southern tier of the nation is host to 80% of the companies in this sector. Being near active fields allows manufacturers to brainstorm and test new machines in the real world, while also being conveniently located near potential customers. Here are a few homegrown oil and gas equipment companies that exemplify local sourcing. • Echometer Company is located in the town of Wichita Falls, Tex. In business for 35 years, it provides instruments for gas, oil and water well analysis. In addition to its products, Echometer offers engineering expertise to help operators troubleshoot well issues and train staff in the proper use of equipment. See Echmoeter on IndustryNet • CLS Inc. is based at the edge of the Hanna-Carbon Basin in Casper, Wyo. Its specialty is air drilling equipment and related hardware, including fabricating custom pressure vessels rated at 5000 psi and lengths of up to 30 feet. Leaving no stone unturned, CLS also rents, leases and repairs a variety of brands, including Parker, Sullair, Atlas Copco and Transcube.See CLS Inc. on IndustryNet • ARC Energy Equipment sells new and refurbished gas and oil equipment including reboilers, vapor recovery units, pig launchers and even offshore oil rig decks.See ARC Energy on IndustryNet • EMAG LLC is not strictly an oil and gas equipment manufacturer as it provides CNC machines. However, these machines are very useful in making parts for oil and gas tools and components. Industry 4.0 is fully supported, and eQC Quench, MultiMachineMonitor, Lifetool Analytics and ProcessSim are offered as part of a complete machining package. See EMAG LLC on IndustryNet Find New Oil & Gas SuppliersAt MNI, our mission is to help U.S. businesses thrive, providing tried-and-true prospecting and procurement solutions since 1912. Powered by trusted MNI data, IndustryNet is an industrial marketplace that helps connect industrial buyers with 400,000 U.S. manufacturers. Set up a free account, search for suppliers, send quote requests and more with this free industrial marketplace. IndustryNet is also a direct path for U.S manufacturers to increase their visibility among domestic industrial procurers. Are you looking to sell to companies in the energy industry? An IndustrySelect subscription can put you on first-name basis with 400,000 U.S. manufacturers as well as 100,000 locations in the global energy industry. Make direct contact with oil & gas machinery manufacturers, pipelines; well services; transmission & gathering, refining & gas processing; liquid terminals; drilling and well servicing; petrochemical, gas utilities & local distribution companies (LDC’s) and more. Try a free demo of IndustrySelect today!
Related Searches: Oil Field Equipment, Oil Field Equipment Parts, Oil Field Services, Oil Field Supplies
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