February Oilfield Services Market Insights Report
A volatile energy price environment in the fourth quarter of 2018 has caused E&P operators to reassess 2019 capex budgets. International markets have fared better, and growth is accelerating in several key regions. In all, Wall Street estimates that worldwide E&P spending is expected to grow ~8% in 2019, which is ~50bps above 2018 levels.
In this edition of Founders’ Oil & Gas Equipment and Services Market Insights Report, we explore Wall Street’s forecast for 2019 E&P capex spend, and the impact it will have on OFS companies.
In this edition of Founders’ Oil & Gas Equipment and Services Market Insights Report, we explore Wall Street’s forecast for 2019 E&P capex spend, and the impact it will have on OFS companies.