The North America oilfield services market “eroded more than we thought” in 3Q2012, and the spending decline may not turn around before next year, according to the research team at Tudor, Pickering, Holt & Co. (TPH).
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E&P ‘Apathy’ Seen Eroding Onshore Activity Levels
The North America oilfield services market “eroded more than we thought” in 3Q2012, but the spending decline could turn in January, said the research team at Tudor, Pickering, Holt & Co. (TPH).
North American Oilfield Services Activity Languishing
The North America oilfield services market “eroded more than we thought” in 3Q2012, and the spending decline may not turn around before next year, according to the research team at Tudor, Pickering, Holt & Co. (TPH).
Cash a Bit Weaker, But Gains Remain in the Majority
Recent cash price firmness eroded a bit further Thursday as the number of softer points began to approach equilibrium with those continuing to make slightly firmer performances. However, small gains remained dominant.
Moderate Weather, Screen Push All Points Lower
With most cooling load having eroded in the South and only a smattering of heating demand coming along to replace it, the cash market needed only a gentle nudge from the expiration-day dive of 25.5 cents by October futures Monday to record across the board losses Tuesday. Only one point fell by less than double digits.