OFS IN TRANSITION

摘要

Much like The Beatles' Paul McCartney sang in 1970, U.S. oilfield services (OFS) companies have "seen this road before,'" but the climb from the bottom of the 2020 version of the historic oil patch trough feels extra daunting—a road paved with uncertainty. The service industry was collateral damage of the unprecedented combination of excess supply and crippled demand that waylaid its client base at a time money was fleeing the industry and a global pandemic was settling in.