Oil & Gas Field Services
Competitive Landscape
Demand is driven by oil and gas prices. The profitability of individual companies depends on technical expertise and efficiency of operations. Large companies can offer a broad range of services. Small firms can compete effectively by specializing in a particular type of service or geographic area.
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Opportunities
National Goal to Reduce Dependence on Middle East Oil - The US government has long pledged to reduce dependence on foreign oil, particularly from the Middle East. The US currently imports just over 50 percent...
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Business Challenges
Drilling Rig Activity Tied to World Energy Prices - Investment in drilling is closely linked to world energy prices, which are volatile and can change dramatically within a year. Spot prices for West Texas...
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