Shale Plays Now Majority of Revenue for Oilfield Services Cos

Each year UHY LLP Certified Public Accountants and PennWell Publishing’s Oil & Gas Financial Journal conduct a survey of the oil and gas industry and publish the results. In a press release about the latest survey we learn some interesting facts: More than half of oilfield services companies and some 40% of drillers (E&P companies) say that shale plays will be responsible for more than half of their revenues in 2014; most companies surveyed believe the commodity price of natural gas will remain at the $4-$6 level through the end of 2015; and 75% of those surveyed use pipelines to get their product to market, as opposed to tanker trucks and railroads.

Here’s the full press release with some more tidbits from the survey, along with instructions for how to get a copy of the survey…

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