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Paramount maintains a large selection of pipe handling tools, equipment, and parts in order to rapidly meet our customer’s requirements and expectations. 

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Authorized distributor of Forum Energy Technologies / Access Oil Tools (AOT) pipe handling tools, equipment, and parts.

Forum Energy Technologies

Rigzone.com: Latest Headlines

Oil and Gas Journal: Drilling News

  • The light, sweet crude oil price for September fell more than $2/bbl on Aug. 15 while the Brent crude oil contract for October fell by $1.70/bbl, which analysts attributed to concerns about lower world oil demand if emerging market economies continue to slow.

  • Carrizo Oil & Gas Inc., Houston, has agreed to acquire certain Delaware basin properties from Devon Energy Corp. for $215 million in cash. The deal includes 10,600 gross acres—9,600 net with 90% operated—in Reeves and Ward counties, 94% of which is held by production.

  • Light, sweet crude oil prices fell on the New York market Aug. 14 to settle just above $67/bbl for September delivery after the American Petroleum Institute reported US crude inventories increased by 3.7 million bbl for the week ended Aug. 10. On Aug. 15, Commerzbank analysts issues a research note saying, “Oil prices are falling further this morning,” which they attributed to the API report.