PA Snubber Flourishes in Industry Downturn – Lessons Learned

There’s no denying that with the number of drilling rigs reduced in the Marcellus/Utica, the supply chain–those businesses that service the industry–have also seen a reduction in business. You can’t lay down 30% of your rigs and not have some kind of effect on the industry. But not every supply chain business has been negatively affected. Deep Well Services (DWS), a “snubbing” oilfield services company headquartered in Pennsylvania, continues to break new revenue records and grow the payroll with new employees. Last July they had 128 employees. As of May this year, they have 140, and by the end of the year that number will be 190. That’s really saying something in this current downturn in the industry. How did they do it?…

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