Mississauga, ON -- (SBWIRE) -- 01/04/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Tidewater Midstream and Infrastructure Announces Acquisition of a Vendor."
Companies mentioned in this article include Tidewater Midstream and Infrastructure Ltd. (TSX-Venture:TWM).
According to a report by Oil & Gas Monitor, the record U.S. oil production has benefited the oil & gas storage and transportation industry. However, this report was from a period when oil prices had been trading at above $100 a barrel.
The oil & gas boom in the U.S. has been driven by new technology that has made it possible to extract oil and gas trapped between rocks. However, extracting oil and gas this way is significantly more expensive than the conventional methods. When oil prices were above $100 a barrel, extracting oil and gas this way was certainly feasible, but not so at current levels.
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