Full Title: The Shrinking Path Forward for U.S. Oilfield Services
Author(s): Brad Handler
Publisher(s): The Payne Institute for Public Policy
Publication Date: March 31, 2020
Full Text: Download Resource
Description (excerpt):
The recent oil price collapse is setting the stage for yet another steep decline in revenue and profit for the U.S. Oilfield Services (OFS) sector. As challenging as it will be for U.S. OFS companies to weather this storm, it represents just another blow to a sector already beleaguered by its and its customers’ inability to deliver adequate financial returns and longer-term demand uncertainty given climate change (decarbonization) concerns. All of these threaten to shrink and transform OFS in the years to come.