I spoke with a number of companies at the Expo, I found everyone to be very upbeat about 2017. All of companies are busy responding to bids. Many of these bids are for downstream projects.
As we look at 2017 and beyond, the work opportunities are going to be from all three levels of the supply chain – upstream, midstream and downstream. Activity in these three components of the supply chain raises the question, “Are there enough resources/companies to meet the demands of increased drilling, the build out of the pipelines and the construction of NatGas power and cracker plants.
With every expo conference, there are always a few good rumors. Here’s what I heard:
- Ascent Resources is looking to bring a number of rigs into OH. (RUMOR) It’s worth noting that Ascent Resources has been active securing permits.
- Gulfport is bringing two or three more rigs up. This is a rumor that I’ve heard before from other sources which give its chance credibility a little higher. (RUMOR) Gulfport has been ever more active securing permits. In fact this past week, Gulfport acquired eight permits.
- Halliburton just hired a fracking crew in Zanesville, OH. (RUMOR)
Kudos to OOGA for a very good conference. There were some good networking opportunities and number of people left with some new contacts.