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Oil & Gas Equipment Services  // Browsing posts in Oil & Gas Equipment Services

Updates from the Oil Patch: Upstream Oilfield Service Market Severely Depressed

Has there been any change in demand or pricing in the upstream E&P market and what strategies are service providers using to survive? Companies: BAS, BHI, COP, EPD, HAL, HCLP, HP, KEG, NBR, NS, PDS, PTEN, RES, SLB, SLCA, SPN Click here to download the report (.pdf)   Highlights Several Operators Buying Sand/Proppants Directly From […]

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Updates from the Oil Patch: Cost-Cutting and Low Drilling and Completion Activity Continue

What strategies are E&P companies utilizing during the downturn to reduce costs or increase efficiency? Companies: BAS, BHI, HAL, HCLP, HP, KEG, NBR, PES, PTEN, RES, SLB, SLCA, SPN Click here to download the report (.pdf)     Highlights Refracs Are Lackluster in a Dismal Completions Market (BHI, HAL, HCLP, RES, SLB, SLCA) Three sources […]

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Oilfield Service Providers Face a Very Bleak Market

Research Question: Has there been any change in demand or pricing for oilfield services in the face of the extremely low oil prices? Companies: BAS, BHI, HAL, HCLP, HP, KEG, NBR, PES, PTEN, RES, SLB, SLCA, SPN By: Reverdy Johnson Click here to download the report (.pdf)     Highlights The Number of Fraccing Jobs Has […]

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Oilfield Work Slows to a Crawl, Cost Cutting Continues

Research Question: What has been the effect of continued low commodity prices on oilfield activity? Companies: BAS, BHI, HAL, HCLP, HP, KEG, NBR, PES, PTEN, RES, SLB, SLCA, SPN Click here to download the report (.pdf)   Highlights Workover Market Moves to Routine Maintenance Mode (BAS, KEG, NBR, SPN) Demand for workover rigs has weakened this […]

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Gulf of Mexico Rig Demand, Rates Soft for 2016 Based on Low Oil Price

Research Question: How will the low oil price environment affect offshore rig demand and rates in the Gulf of Mexico during 2016? Companies: DO, ESV, HEROQ, RDC By: Reverdy Johnson Click here to download the report (.pdf)   Summary of Findings Offshore rig demand is expected to be flat to down in 2016 year to year, […]

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Low Oil Prices Keep Upstream Industry in Slow Motion

Research Question: What has been the long-term effect of low oil prices on oilfield service demand and pricing? Companies: BHI, HAL, HCLP, HP, NBR, PTEN, SLB, SLCA Click here to download the report (.pdf)   Highlights Frac Demand, Pricing Scraping Bottom, More E&Ps Buying Materials Directly from Manufacturers (HAL, HCLP, SLB, SLCA) Three sources working for […]

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New Oil Price Lows Keep Demand for Oilfield Services Under Pressure

Research Question: How has recent upstream activity been affected by oil prices being in the $40s? Companies: BAS, BHI, CXO, DVN, HAL, HCLP, HP, KEG, LPI, NBR, PE, PDS, PTEN, PXD, SLB, SLCA, RES, TSE:TCW, XEC Click here to download the report (.pdf)   Highlights Fraccing Demand Stalls, Service Pricing Suffering, Material Costs Fall (HAL, HCLP, RES, […]

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Low Demand, Low Prices Characterize Oilfield Service Market

Research Question: What has been the result of lower E&P capex budgets? Companies: BAS, BHI, CLR, DVN, EGN, EOG, FANG, HAL, HP, KEG, MRO, NBR, NFX, PE, PTEN, PXD, RES, SLB, TCW, XEC Click here to download the report (.pdf)   Highlights Pressure Pumping Demand Continues to Diminish, Service Prices Hit Bottom (HAL, RES, SLB, TCW) Across many […]

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HAL Gaining Share on Price Concessions in Pressure Pumping Market

Research Question: Which pressure pumping company is benefitting from the low oil price environment? Companies: HAL, SLB, WFT   Highlights Three well completion managers working for E&P companies with operations in the Rocky Mountain area agreed that Halliburton Corp. (HAL) has become the leader in giving price concessions for pressure pumping/well stimulation services in the region. […]

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Drilling, Fraccing Industry Suffering from a Lack of Demand

Research Question: What has been the fallout of lower E&P capex budgets? Companies: BAS, DVN, HP, KEG, LON:WEIR, NBR, NOV, PTEN, XEC Click here to download the report (.pdf)   Highlights New Orders for Pressure Pumping Equipment Slow (LON:WEIR, NOV) Orders for new pressure pumping equipment have dropped significantly since the fourth quarter, according to three manufacturers […]

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