Monday, 31 October 2011

The shale gas gold rush for oilfield service companies



In an article during June of this year, Bloomberg business news pointed out how onshore gas drilling has surpassed the offshore industry, creating a boom for producers, but also a backlog for personnel to work their drilling sites, allowing oilfield service companies to drive up prices. It seems, however, producers can afford cost increases since no let up in demand is expected until 2013. Click on the link below for the full article.