Oilfield Service Cos. Say Drilling is Now in Multi-Year Up-Cycle
The world's (and North America's) largest oilfield services companies, including Schlumberger, Halliburton, and Baker Hughes, are all saying the same thing: Drillers are getting ready to drill more this year. Some sub-sectors of the drilling market, like completions, are already "sold out" according to Halliburton. Good luck to drillers who want to add more completions crews right now. Prices are going up for fracking fleets and other services offered by OFS companies.
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