The Volatile Energy Industry Restructuring to Survive
In this article published by ABF Journal, Dennis Ulak provide a road map for survival as the price of oil continues its downward spiral.
As the oil price downturn extends into its 20th month, and "lower for longer" moves from forecast to fact, both exploration and production companies (E&P) and their subcontractors, the oilfield service companies (OFS), must take a number of difficult steps in order to survive. These steps are in addition to many reductions in headcount and capital expenditures. Unfortunately, even with these actions, many companies will not survive this cycle.Contact Us