Long-term survival for oilfield service providers
Ethan Phillips and Marco Cioffi
Until oil prices began to drop in 2014, North America’s oilfield services and equipment companies enjoyed a relatively smooth ride.
Over the previous decade, upstream E&P operators outsourced much of the work across a growing industry, paying a premium for availability when activity surpassed capacity.
Prices for equipment and services soared, and Oil Field Services & Equ...