The Rising Influence of Rising Affluence

[DewDiligence]

Highlights from CLB’s 4Q11 CC:

http://seekingalpha.com/article/336361-core-laboratories-ceo-discusses-q4-2011-results-earnings-call-transcript

Core’s revenue mix is now closer to 80% oil and 20% natural gas, a shift from the previous 70-30 mix. Moreover, most of the natural gas related activity emanates from international projects in the international theater. This would be the Eastern Mediterranean, Eastern Africa, and Western Australia.

…Our MRShale technology which is based on magnetic resonance imaging is leading the industry to analyze very tight rock such as shale, in a faster timeframe with accurate results… The combinations of the company’s new digital core analysis technologies including CT imaging, MRShale and our Nano-Perm capabilities all of which are non-destructive to the core sample are aiding our clients to produce more oil every day from their non-conventional oil shale reservoir place. More importantly, ultimate hydrocarbon recovery practice will increase over time from a single digit and below double digit percentages.