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Message
re: Big baws move to dominate Permian
Posted on 8/6/19 at 6:10 pm to The Torch
Posted on 8/6/19 at 6:10 pm to The Torch
It is going to sink them. The majors aren't going to have a bunch of different companies doing service work. They are going to get a couple to supply everything. Most likely the bigs and at dirt cheap rates who will wait out all the smaller ones then they will incrementally crank back up the rates.
Over the next 3-5 yrs we will see a slow death of smaller independent producers and service companies.
Over the next 3-5 yrs we will see a slow death of smaller independent producers and service companies.
This post was edited on 8/6/19 at 6:12 pm
2
Posted on 8/6/19 at 6:17 pm to GREENHEAD22
quote:
It is going to sink them.
Not what I wanted to hear, we have a group that invested in flow back equipment a few years back. Flares, test trailers, sand traps etc etc for daily rent.
We have 75 pieces and they have slowly been pilling up in the yard.
Posted on 8/7/19 at 5:19 am to GREENHEAD22
quote:
Over the next 3-5 yrs we will see a slow death of smaller independent producers and service companies.
Not necessarily. Some of them will move to other areas. West TX is a great place to be. We’re killing it out there and have been for years. But we’re also doing extremely well in Shreveport and Ohio. As new areas of activity pop up, independents will be the ones developing them and servicing them. This isn’t the death of smaller independent producers/service providers everywhere. Just a realignment in the Permian.
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