Northern Oilfield Services has officially announced on Aug. 5 that it will be teaming up with Power Feed-Thru Systems & Connectors, also known as PFT Systems.
PFT Systems, established in 2005, is an international electrical connector company that engineers and manufactures high voltage high-pressure systems and other durable wellhead parts with their patented Black Gator product line. Northern Oilfield Services looks forward to its partnership with PFT Systems because of the high-performance, reliability and industry-leading quality of the equipment.
“Mike Colescott and his team do really great work at PFT Systems. We have been throwing the idea around of a partnership for a while now, and we are thrilled to be working with a great company that has similar values to Northern Oilfield Services,” Sheldon Van Vost, Northern Oilfield Services CEO, said.
While Northern Oilfield Services is still in its infancy—just passing its two-year anniversary—they seem to be surprising many in the oilfield industry with their rapid growth and success in such a short period of time.
Northern Oilfield Services anticipates that, with this partnership underway, other oil and gas companies will seek higher quality wellhead and electrical equipment to make projects safer and run more efficiently.
U.S. energy firms reduced the number of oil rigs this week and for a record 10th month in a row as producers follow through on plans to cut spending on new drilling this year.
A majority of the drop in production came as federal offshore Gulf of Mexico production slid about 332,000 bbl/d to 1.58 MMbbl/d, the data showed.
Drillers cut three oil rigs in the week to Oct. 4, bringing down the total count to 710, the lowest since May 2017, Baker Hughes, a GE company, said in its weekly report.