- Tight Gas & Oil
- Gas Hydrates
Sustained commodity pricing in the low $50s for West Texas Intermediate—and $3.20 or above for natural gas—would expand demand for all oil service lines in 2018.
The hydrocarbons industry is investing heavily in LNG projects to secure its future in a decarbonizing world. The risk is too much capacity that fails to compete with the surge in wind and solar power.
Patterson-UTI will acquire MS Energy, the second largest directional drilling company in U.S. onshore, on a debt-free basis.