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Marina Schwarz

Oilfield Service Firms Out to Get Revenge

Marina Schwarz in Oil (General)

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Marina Schwarz    + 1,576

Marina Schwarz

Oilfield service providers are still reeling from the price collapse from 2014 but some are beginning to recover and they are out to get the drillers who "implemented operational and cost efficiencies" on their backs by forcing them to cut their prices to have buyers for their services. Consolidation is ongoing and prices are rising. The pendulum is swinging back. Wonder what the "efficiencies" will look like a year from now.

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