Insight Management Corp.â€™s President and CEO, Jennifer Rapacki, today commented on the current uptrend in the domestic natural gas services market.
“While existing natural gas wells continue to demand maintenance, new drilling activity should create added demands for service,” Ms. Rapacki noted. “We are now seeing an increase in leasing activity and are very encouraged about how that will translate into higher revenues for service companies like ours in the remainder of this year.”
Natural Gas well servicing is a major source of revenue for Insight’s wholly-owned subsidiary, Rebel Testing, Inc. Maintaining a fleet of pump hoist trucks to service natural gas well pumps, and services and pressure tests blow out preventers, the subsidiary continues to see increased demand for its services, according to Ms. Rapacki.