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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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Marcellus/Utica Supply Chain Firms Being Asked to Trim Prices 10%

Oilfield services companies and other companies in the Marcellus/Utica supply chain are feeling the squeeze. According to an article in the Pittsburgh Business Times, companies in the “supply chain” are being asked to cut their prices by 10% or more. Perhaps “asked” is too gentle a word…
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PA Snubber DWS Continues to Expand, Adds New Rigs for Utica Shale

In September, MDN told you about Deep Well Services, the only “snubbing” oilfield services company headquartered in Pennsylvania (see PA “Snubbing” Company DWS Experiences Rapid Expansion). Once again the company is on the grow, adding several new rigs to its expanding fleet…
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PA Snubbing Company Helped Drill Utica’s #1 Well

Last week MDN told you about the new reigning champion for most-productive Utica well ever, a well drilled in West Virginia by Magnum Hunter Resources (see Magnum Hunter Takes the Prize: Top Producing Utica Well). Two and a half weeks ago MDN told you about Deep Well Services (DWS), a “snubbing” company based in Pennsylvania (see PA “Snubbing” Company DWS Experiences Rapid Expansion). It seems there’s a connection between the two stories. DWS issued a press release yesterday to point out they were involved with working on the Magnum Hunter champion Utica well…
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PA Snubbing Company Expands by 50 Jobs in Just 3 Months

Another supply chain success story: Thanks to the Marcellus and Utica Shale, the only “snubbing” company located in Pennsylvania, Deep Well Services (DWS), has hired 50 new workers since May. By the end of this month they’ll have 128 employees on the payroll–almost all of them in PA, WV and OH. That’s more than 100 jobs added since 2012–thanks to shale drilling. Oh! What’s “snubbing” you ask?…
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