With a flat U.S. horizontal rig count and a lower-priced backlog still to be worked through, the oilfield services sector didn’t have a lot of “classic” catalysts to propel them in 2Q2013, according to a preview by Tudor, Pickering, Holt & Co. (TPH).
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Texas Producers Scrap Drilling Plans, Lay Off Workers
The “punishing economic contraction” and low wellhead energy prices continued to tie Texas producers’ hands in August, with many scrapping drilling plans and laying off workers, according to the latest Texas Petro Index (TPI).
October 5, 2009
Texas Producers Forced to Scrap Drilling Plans, Lay Off Workers
The “punishing economic contraction” and low wellhead natural gas and oil prices continued to force Texas producers’ hands in August, with many scrapping drilling plans and laying off workers, according to the latest Texas Petro Index (TPI).
September 30, 2009
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