Rig Report

Halliburton’s leader sees no sharp falloff

Halliburton’s leader sees no sharp falloff | Business | Chron.com – Houston Chronicle. The shift of drilling resources to oil and liquid rich gas is real is a gimme with the big price difference between oil and natural gas but I will be surprised if there is NO drop off in drilling activity. I guess [...]

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Oil services poised to grow in 2010

Oil services poised to grow in 2010 | FT Energy Source | FT.com. Unconventional (directional) wells take much more servicing than traditional wells. This means that when rig counts rise, you will see a nice surge in the income for services companies. However, the reverse is true, as rig counts decline, service companies revenue decline [...]

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Oil Services Companies Hope for Better 2010

Oil Services Companies Hope for Better 2010 – ABC News. After a miserable 2009, oil service companies hope that higher crude prices and more natural gas drilling will mean a rebound for them by the end of the year. Halliburton, Schlumberger and Baker Hughes ended 2009 with sharply lower earnings after a plunge in energy [...]

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