Oil-service firms must do more with less-and fast

摘要

Service-side companies can't get complacent just because the coffers are bulging,and now is the time to make business practices more streamlined than ever,according to service executives at the annual IPAA meeting in Houston recently.Dealing with rising costs of raw materials and other production expenses has always been challenging,said Rhys Best,chairman and chief executive of Lone Star Technologies Inc."But managing in prosperity may be even more difficult." The E&P industry is striving to drill across many different geologies.The service companies have got to keep in step with these changes,he said.