October 1, 2018
The BNRC.tech website is finally up, not finished but up. Still waiting on the official logo and need to write more content. On the positive side the system for OilTek is operational in the test area and has been in continuous operation for several weeks.
November 24, 2020
The lack of website update is due to the effort that has gone into developing new systems and deploying the OilTek tank monitoring system to the field. Not enough time in the days to do everything and the customers’ needs come first.
After completing its development test run, the OilTek tank monitoring system was installed in producing wells mid 2019. Initial installation was one unit and then quickly expanded to three. The original schedule had over 100 units in the field by this time but COVID-19 happened and the oil field shut down. Any additional installations have been put on hold until further notice.
The same thing has happened to all of our other customers. Projects and jobs have been shut down forcing them to cancel the contracts with us. We expect business to ramp back up after the fear mongering stops and people are finally allowed to return to their lives.
As a nation we need to face this pandemic with less fear and more determination. We need to find a sustainable way to get back to work and allow all business to operate. The current method of hiding and hoping it goes away is not a winnable strategy. The longer we stay hidden the worse the economy becomes. Even the government will stop functioning due to a lack of funds (no business, no taxes).
April 27, 2022
Business in the oil field has been interesting. As soon as the lockdowns for COVID were lifted, supply chain issues began to affect operations. Now we have supply chain issues and an administration that is hostile to the industry. The hostility has reduced the amount of money available for investment into fossil fuels.
These problems are affecting us here at BNRC in different ways. The reduced availability of investment has slowed our expansion but forced the oil and gas companies to become more efficient creating a demand for our systems.
The supply chain issues have hit us the hardest. Some of the components and items we use are either priced beyond what we can afford or are not available. This has forced us to find alternate items which requires new research and development slowing production.
In a nut shell – Good news is that our business is growing, bad news is that it has become a struggle to fulfill the orders. We may not be growing as quickly as we had planned but we are growing.