Related Articles
Forward article link
Share PDF with colleagues

US service companies set to shine

A tighter market for fracking equipment and a rosy drilling outlook have operators recovering their pre-crash form

As America's oil and gas production marched towards record highs over the past year, a surprising corner of the market was left out of the party—the companies hired to do all that drilling. For the big American oilfield service companies, the recovery has been painfully slow to arrive. After a massive buildout of drilling capacity in the early years of the shale boom, companies were left with a glut of rigs, pressure pumping equipment and other fracking supplies. With so much excess kit laying around, producers knew they could pit their service providers against each other to keep costs low, even as drilling activity picked up. The fact that producers were figuring out ways to get more oil

Also in this section
Methane rises on investors’ risk radar
20 June 2018
Methane emissions are forming an important part of investors' broader climate change strategy
Latest licensing rounds
18 June 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Tech firms jostle for a slice of the FLNG pie
12 June 2018
BHGE, Black and Veatch, TechnipFMC and a host of other firms are honing their FLNG products