Oil service costs could rise 15 percent this year, Wood Mac says

April 24, 2017 / By Surprise Valley Resources

As crude prices stabilize and drilling rigs dig into shale plays again, oil field service costs are beginning to rise back up. That could squeeze drillers’ margins later this year. Energy research firm Wood Mackenzie believes oil field service costs could jump 15 percent this year overall, with prices for some equipment and services possibly …
Source: FuelFix