In addition to increasing activity, the topic of rising service costs permeated Q1 analyst calls. Drillers reported hikes of 10-20%, mostly stemming from pressure-pumping services (PG. 1). It seems, however, that operators have largely protected themselves from the increases for now. One major reason is that improved well performance, especially in oily basins like the Permian and Williston, has helped to offset the issue.Still, companies are taking steps to lock in their contracts and......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.