Who doesn’t like trivia? Here’s some handy numbers for people working in the oil & gas industry, including a subtle nod to e-frac:
$8 million: Annual revenues generated by a big land drilling rig in Texas
25,000: Number of volts required for a spark to jump 1 inch in air
2.5 cents: Change in the price of gasoline for every $1 change in the price of oil
$7 million: Annual revenues generated by a big coiled tubing unit in New Mexico
$1,200: Annual revenues generated by one hydraulic horsepower on a big frac spread
$400: Annual revenues generated by one hydraulic horsepower on a small frac spread
50: Number of gallons of ethanol one ton of corn will make
$3 million: Annual revenues generated by a cement pump truck in the Rockies
6.5: At terminal velocity the number of seconds required to fall 1,000 feet
We tossed in the last one for those frustrated by the seemingly irrational cycles of the industry.