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Bullboard - Stock Discussion Forum
Questor Technology Inc
V.QST
Alternate Symbol(s):
QUTIF
Energy
Oil & Gas Equipment & Services
Questor Technology Inc. is a Canada-based environmental emissions reduction technology company. The Company is focused on clean air technologies that improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas...
, Volatile Organic Hydrocarbons, Hazardous Air Pollutants and BTEX (Benzene, Toluene, Ethylbenzene and Xylene) gases within waste gas streams. This enables its clients to meet emission regulations, reduce greenhouse gas emissions, address community concerns and improve safety at industrial sites. The Company also has proprietary heat to power generation technology and is targets new markets, including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a variety of oil and gas projects.
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TSXV:QST - Post Discussion
Questor Technology Inc
> Rig counts are up
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(41)
•••
laurencelefou
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Post by
laurencelefou
on Jun 02, 2022 6:51pm
Rig counts are up
For a few years (2019 to 2021), over 90 percent of the Company’s incinerator rental fleet was in Colorado and North Dakota where regulation supports demand for its proprietary high efficiency waste gas incineration systems.
Comparing pre-covid rig counts (May 2019) with May 2022 rig counts in Colorado and North Dakota indicates that rigs running in Colorado and North Dakota are still half of what they were. Comparing with last year's rig count, in Colorado rig count are up by 60% and in North Dakota by 125%.
BAKER HUGHES
ROTARY RIGS RUNNING - BY STATE
May 2022
May 06
May 13
May 20
May 27
May Avg
COLORADO
15
16
16
16
16
NORTH DAKOTA
35
36
36
36
36
TOTAL UNITED STATES
705
714
728
727
719
CANADA-LAND
91
88
87
101
92
CANADA-OFFSHORE
0
0
1
2
1
TOTAL CANADA
91
88
88
103
93
GRAND TOTAL
796
802
816
830
811
BAKER HUGHES
ROTARY RIGS RUNNING - BY STATE
May, 2021
May 07
May 14
May 21
May 28
May Avg
COLORADO
10
10
10
9
10
NORTH DAKOTA
15
16
16
16
16
TOTAL UNITED STATES
448
453
455
457
453
CANADA-LAND
54
58
57
61
58
CANADA-OFFSHORE
1
1
1
1
1
TOTAL CANADA
55
59
58
62
59
GRAND TOTAL
503
512
513
519
512
BAKER HUGHES
ROTARY RIGS RUNNING - BY STATE
May, 2020
May 01
May 08
May 15
May 22
May 29
May Avg
COLORADO
8
8
8
6
6
7
NORTH DAKOTA
26
20
16
14
12
18
TOTAL UNITED STATES
408
374
339
318
301
348
CANADA-LAND
25
24
20
18
18
21
CANADA-OFFSHORE
2
2
3
3
2
2
TOTAL CANADA
27
26
23
21
20
23
GRAND TOTAL
435
400
362
339
321
371
BAKER HUGHES
ROTARY RIGS RUNNING - BY STATE
May 2019
May 03
May 10
May 17
May 24
May 31
May Avg
COLORADO
33
33
33
31
31
32
NORTH DAKOTA
57
56
56
57
57
57
TOTAL UNITED STATES
990
988
987
983
984
986
CANADA-LAND
58
59
59
75
83
67
CANADA-OFFSHORE
3
4
4
3
2
3
TOTAL CANADA
61
63
63
78
85
70
GRAND TOTAL
1051
1051
1050
1061
1069
1056
In May 2019, Crude oil prices were trading in the US$50 to US$60 range. Oil prices started 2022 at US$75 and are now trading in the US$115 range.
All the signs are pointed in the right direction. Investors are hoping that Questor's Colorado and North Dakota clients are calling and renting,
https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
https://rigcount.bakerhughes.com/na-rig-count/
(41)
•••
laurencelefou
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Comment by
laurencelefou
on Jun 03, 2022 5:08pm
Colorado Adopts Stricter Methane Rules for Oil, Natural Gas Industry https://www.naturalgasintel.com/colorado-adopts-stricter-methane-rules-for-oil-natural-gas-industry/
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