Craig Ray, Keystone Oil Fabrication, gives a history his company’s diversification in industry. From Sand Kings to Cranes to Silos, Ray discusses past pitfalls and successes in a volatile market.
Ray explains the difference between “silo” and “box” in the frac sand market and what his professional opinion is. The speed of change in the frac sand industry is also discussed, Ray explains how new technologies disrupted the marketplace within short time frames.
Ray comments on how the recent shut ins have impacted his business in “unprecedented” ways
The interview transitions into whether the energy industry has a “herd mentality” and how it can be a double edge sword at times.
Ray admits that 2020 has been a struggle, but they have identified new opportunity in the marketplace and are currently implementing a plan to take advantage.
The interview also discusses the notion that through the good and bad, the oil patch usually seems to come back around.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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