SOLD OUT: SPE Gulf Coast Section Jan 9, 2024 Northside Pressure Pumping Market Update – Houston
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With record sustained profitability of E&P companies now entering the 4th year, this might just be the golden years of the oil & gas industry, particularly for US producers. Now that Middle East producers are doing all the heavy lifting regarding expanding capacity, where does that leave US land in a price environment that has oil <$100 and gas around $3? Spears will address drilling rig activity and day rates, frac crew activity and pricing, and the never-ending race to offset declining reservoir performance with longer laterals.
Richard Spears is one of the managing directors of Spears & Associates, a global oilfield market research firm started in 1965 by his father and now with 225 corporate clients, including all major oil companies, all major service companies, and all major oilfield investment firms. Richard sits on the boards of the following private companies: Varel Energy Solutions, Pruitt Tool & Supply, APS Technology, Latshaw Drilling, and IGNIS Energy.
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David Traugott
david.traugott@nov.com ; 936-777-6204
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