PRICE INFLATION ON THE HORIZON?

摘要

It has been a great run for oil and gas operators. High commodity prices coupled with efficiency improvements in the oil patch have opened the door for expanding margins. But all good things come to an end, and for domestic oil and gas operators, the long respite from lower oil service costs appears to be waning. Some hints are found among the pressure pumpers, with two of the Big Four multinational service providers promising investors that North American margins will increase in second-half 2014. Even the publicly held land drillers are discussing higher rig rates, although increases have been small for the most part, usually measured in incremental gains of $100 or $200 a day— just enough to cover increased labor.