The US oilfield markets have shown remarkable recovery from the painful declines in early 2020 brought on by the double whammy of crude oil oversupply and a pandemic induced demand contraction. The US rig count has doubled from the same period a year ago and broad signs point towards a continued economic recovery. But what does the remainder of 2021, and more importantly 2022, look like for the oil patch? This presentation will review the latest Spears & Associates research and identify some of the key trends that will be in play in the future.
SPEAKER COMPANY INFORMATION
Spears & Associates provides business planning, analysis, activity forecasts and market research-based consulting services to the worldwide petroleum equipment and service industry. Spears & Associates has served the oilfield since 1965 and provides a wealth of experience in the oilfield from the service perspective and the oil company perspective.