Oakes maybe you can explain this to me. Why aren't more of these service needs performed in house? There are smaller service co's making good money (with large capex). Is capex the issue? Limited resources, penny wise pound foolish situation? It seems to me over the long term it would be cheaper for oil co's to purchase and perform these operations on their own. Pumping horsepower rental stands out to me as the most obvious middleman that could be cut out.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.