The U.S. oil and gas industry is experiencing a production renaissance, driven by technological innovations that have allowed producers to tap vast amounts of oil and natural gas from shale basins across the nation. In January 2018, U.S. oil production topped 10 million barrels a day – the first such feat since 1970.
In addition to fueling the overall economy, the oil boom is adding millions of miles of opportunity for trucking operations looking to haul in and out of the oilfield.
Whether you are an owner-operator or a for-hire entrepreneur, hauling opportunities in the oil business are numerous – from multiple basins across Texas to the Bakken Shale of North Dakota to the gas-rich fields of Louisiana’s Haynesville shale.
- Water hauling. From fresh water to wastewater, hauling it is big business in the oil and natural gas industry. Transporting water is necessary for completions (fracking), well workovers, and well maintenance operations.
- Frac sand hauling. Each frac job requires anywhere from 200 to 500 truckloads carrying 23 tons of sand each. It is estimated 3,500 drivers are needed to haul frac sand to wellsites in the Permian Basin in West Texas alone.
- Flatbed and heavy-hauler jobs. According to rig-tracker Baker Hughes, over 1,000 drilling rigs on average are currently active onshore across the United States (per June 2018 statistics). Each of these drilling locations requires tons upon tons of materials and equipment to be hauled to the wellsite including casing, drill pipe, and oilfield tools.
Oilfield Services Hauling Insurance Solutions
Because oilfield services trucking is oftentimes more dangerous, it often pays more than other hauling businesses. But with this pay increase comes additional exposure to risk, making the insurance solution you have in place critical to not only getting more hauling contracts but protecting your company from loss.
How we can help:
- Motor Carrier Liability
- Motor Cargo
- Enhanced Physical Damage
- Diminishing Deductible
- General Liability
- Mechanical Breakdown/Towing
- Umbrella & Excess
If you are currently operating in-basin or are looking to expand your authority into oilfield hauling, contact us today.