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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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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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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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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