The history of companies is built by many short stories; some boring, some not. We’re going to try and tell the not-so-boring ones (in our humble opinion) about Katy Spring & Mfg., Inc.; a company in Katy Texas that started with a conversation that ended something like this; “Why not.”
These are the stories about Katy Spring, small bits of a bigger story that started in 1999. The stories are still unfolding new chapters every day, thanks to our wonderful customers. It’s written for our customers and future customers so that they can get to know our company, our employees, some historical background and philosophy a little better.
The stories are not told in chronological order. This blog is more of a “Readers Digest” about Katy Spring, written in whatever random order they appear. So, without further ado, let’s get started with the next read which is titled; “The Oil Patch”
Katy, Texas, being just thirty miles from downtown Houston, Texas, puts the company in the middle of one of the U.S.’s largest industries; oil and gas, also known as the “oil patch,” which includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products.
The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The extreme monetary value of oil and its products has led to it being known as “black gold”. The industry is usually divided into three major components: upstream, midstream, and downstream.
Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East.
Other geographic regions’ consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%). The world consumes 30 billion barrels (4.8 km³) of oil per year, with developed nations being the largest consumers. The United States consumed 25% of the oil produced in 2007. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world’s largest industry in terms of dollar value.
Governments such as the United States government provide a heavy public subsidy to petroleum companies, with major tax breaks at virtually every stage of oil exploration and extraction, including the costs of oil field leases and drilling equipment.
In recent years, enhanced oil recovery techniques — most notably multi-stage drilling and hydraulic fracturing (“fracking”) — have moved to the forefront of the industry as this new technology plays a crucial and controversial role in new methods of oil extraction.
Katy Spring serves many different markets and industries. This diversity helps to keep Katy Spring strong and balanced during the uncertainties of the oil and gas market changes.