<img height="1" width="1" style="display:none;" src="https://www.facebook.com/tr?id=350476566337084&amp;ev=PageView&amp;noscript=1">

Bearing Materials

TriStar offers a wide range of bearing materials that are ideal for non-lubricated, high-load applications.

Saint Gobain Materials

TriStar is the exclusive partner of Saint Gobain for Rulon materials in North America. 

Materials and Fabrication

Our capabilities include component design, material selection, prototype, production, and manufacturing.

Materials Database

Use our interactive database to search for and compare over 450 materials.

mega-menu-db-button

Surface Modification

Learn how our Enhanced Materials Divison (EMD) modifies existing materials to meet specific needs.

mega-menu-emd-button

Industries

Since 1982 we have been combining the skills of TriStar’s engineering team, our extensive product line, and our deep understanding of a broad range of industries to bring you solutions to your most challenging engineering needs.

Problems / Solutions

Explore the common causes of bearing failure and learn how advanced polymer and composite bearings can address them.

Application Case Studies

Enhanced Materials Division (EMD)

EMD  positions TriStar Plastics as the leading resource to solve your demanding engineering material challenges.

Enhanced Materials Division (EMD)

Actions

View our library of engineering worksheets — the quickest way to communicate your project specs — or reach out to our engineering team.

Tools

Here are a few of our most popular online engineering tools - including our PV calc and material database (450+ materials).

mega-cta-advantage

Technical Library

Our collection of case studies, product specs, brochures and other key technical documents.

Free White Papers

Our library of free-to-download white papers focus on industry-based solutions, specific materials, bearing design, and more...

All White Papers

Industry Deep Dives

These pillar pages provide in-depth information on bearings and problem/solutions for specific industires.

More Resources

Our popular resources, including our monthly newsletters, blog, and our video library.

About Us

TriStar Plastics Corp. provides engineering, custom fabrication and manufacturing of high-performance plastics and self-lubricating bearing materials. 

Employment

We're dedicated to building a company where opportunities exist for talented people to achieve their maximum potential.

More...

Additional company resources, including info about our quality program and forms for signing up for e-invoicing and e-payments.

Contact Us

Go here to request a quote or for general questions (document requests, billing inquiries, etc.).

mega-menu-contact-button

Ask the Expert

Have a material or application question for our engineering team? Want to send us a file for review? Go here.

mega-menu-expert-button

Let's Go Paperless

In an effort to save time, paper and postage please sign up for our paperless invoicing and payments.

mega-menu-paperless-button

3 min read

Oil and Gas Industry Overview

June 8, 2021

blog-2020-oilgas-1

The oil and gas industry is one of the largest on the planet. It’s also one of the most crucial for overall economic performance: energy and fuel costs are vital parameters for a wide variety of other industries. At the same time, oil/gas outputs are key ingredients for a variety of other products, like plastics, pharmaceuticals, and asphalt.

This industry needs massive infrastructure and complex equipment to accomplish the hard work of extracting valuable media from the ground, transporting huge volumes of it over long distances, and refining it into a variety of end-products and chemical intermediates.

For a more specific look at engineering challenges for oil and gas equipment (and how TriStar’s self-lubricating materials can help) please see our article here.

How big is the oil and gas industry?

  • The United States oil and gas industry commands total revenues in the trillions. US industry revenues are a massive part of the overall economy, around 8%, according to the American Petroleum Institute. This figure includes drilling, transportation, refining, and various service companies.
  • There has been a decline from a peak in 2014. The shale oil boom in the United States brought global energy prices down, substantially affecting the industry’s overall revenue. This boom may now be slowing: lower prices are rendering more shale extraction operations uneconomical.
  • 2020-2021’s COVID crisis has generated an almost unprecedented slowdown for the industry. The true impact of this slowdown is not yet fully understood.

How is the oil and gas industry structured?

The oil and gas industry manages an unusually broad swath of economic activity. The extraction part of the industry is more similar to activities like mining, while refining has more in common with chemical processing. To facilitate analysis of these industry segments, analysts typically divide the industry into three parts. Some companies are integrated and manage work across all three segments. Most oil/gas companies, however, specialize in one of these activities.

Upstream Oil and Gas: Exploration and Extraction

This industry segment includes exploration and extraction of oil and gas. They are sometimes known as “E&P” (exploration and production) firms. Because the value of many potential extraction sites cannot be known for certain, this market segment is often considered to be high-risk, high-reward. The economic viability of a particular drilling site may also change depending on market conditions: if prices cause profit margins to fall below production costs, a site will need to be shut down.

Midstream Oil and Gas: Transportation and Storage

This segment focuses on transportation and storage of raw media on their way to refineries. This work includes shipping, trucking, storage tank facilities, and, most of all, pipelines. Midstream infrastructure is extremely capital intensive to develop, but typically perceived as lower-risk than upstream in terms of economic viability.

Downstream Oil and Gas: Refining

This industry segment is defined by refining: removing impurities and transforming raw media into salable products (either directly in the case of fuel and heating oil, or indirectly, in the form of inputs for other industries like plastics).

Learning More

Across all of its industry segments, the oil and gas industry relies on equipment at every stage of the production process, from fracking engines, to sea oil rigs, to massive refineries. And all of it is expected to thrive in an extreme operating environment that brings high heat, high pressure, and prolonged exposure to caustic chemicals. Key components not only need to perform in these conditions but maintain reliability during extremely long run times (many types of equipment are run 24/7/365).

For a deeper look at challenges for oil and gas equipment components (and how the right materials can help) see our guide by clicking on the button below.

Oil and Gas Industry Equipment: Challenges for Critical Components

TriStar works with a wide variety of oil/gas operators and OEM’s to identify solutions for these engineering pain points. In an industry where efficiency, safety, and reliability are all essential for the bottom line, material selection matters. We bring a true consultative engineering approach to bear on every client’s business needs, taking the time to understand their business, their equipment, and how smart material selection can maximize ROI for critical components.

If you’d like to talk about your oil / gas component needs, you can reach out to our team using the button below.

DO YOU HAVE A QUESTION FOR OUR EXPERTS?

Topics: Oil & Gas
Dave Biering

Written by Dave Biering

Featured