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LIGHT AT THE END OF THE TUNNEL: Oilfield Service Execs Cautiously Eye a 2017 Recovery (published Nov. 8, 2016)
Get the latest from those out in front of the E&P field in this 23-page report with results and forecasts from the leaders in the industry. You'll also receive 14 industry charts and graphs created to help convert data into visual trend patterns and conclusions.
NGI's team of veteran reporters and analysts draw upon their years of market-watching to bring you a quick turn-around review of the past quarter and what the leaders are predicting for 4Q2016 and beyond.
While many of the major oilfield companies reported losses in 3Q2016, the market appears to have leveled off. Company executives, while cautious in nature, are finally seeing some light at the end of the low price tunnel.
Oilfield Services customers are talking about and planning for the future - plans for investment and where they're headed in 2017 and beyond. NGI has pored over 50+ hours of conference calls to distill everything you need to know about 3Q OFS earnings into a single special report.
The Report Includes:
- How the oilfield execs view oil prices...the $50 dividing line
- Demand for "Low calorie" rigs vs. "Rigtelligent" walking around equipment
- How super laterals and proppants will impact the rig count
- Movement in the DUCs category
- How oilfield companies are fine-tuning their strategies and sharpening their focus
- Nobody going swimming, drowning in the offshore rig market
OFS Companies Covered in this Report:
Baker Hughes | GE Oil & Gas | Halliburton | Helmerich & Payne | Hi-Crush Partners | Nabors Industries National Oilwell Varco | Patterson-UTI Energy | Precision Drilling | Schlumberger
Superior Energy Services | U.S. Silica | Weatherford International
Other Companies Mentioned:
Anadarko Petroleum | Carbo Ceramics | Chesapeake Energy | Eclipse Resources | Laredo Petroleum | Lonestar Resources | Noble Energy | Oceaneering International
Sundance Energy Australia | Warrior Rig
"I never thought I would be so satisfied by barely making a profit. But given where this market is, I certainly am. Our company's animal spirits remain alive and well in North America, even though for some, they may feel caged in a bit by cash flow constraints in the short term." -- Halliburton Co. CEO Dave Lesar
"You have a fireball with regards to this drilling technology and the growing lateral lengths, which is really polarizing the market in separating guys who can only offer motors to the guys who can offer rotary steerable tools." -- Baker Hughes Inc. CEO Martin Craighead
"This emerging trend has already created a significant increase in the uptake of our high-end drilling technologies and has also provided our drilling group with a clear path toward profitability on land."
-- Schlumberger Ltd. CEO Paal Kibsgaard