Oilfield Services Capacity: Hitting the Limits?
Episode description
In the depths of the COVID pandemic, oilfield activity ground to a halt and service companies were forced to shrink. While oilfield activity levels have rebounded significantly, they are still below the pre-pandemic peaks.
This week, Steve Glanville, President and Chief Operating Officer of STEP Energy Services and Shawn Martens, Co-Founder, VP of Operations at IronSight join the podcast.
Here are some of the questions that Peter and Jackie ask: How much inflation are you seeing now? Is there a labour shortage for oil and gas workers? If North American E&P companies decided to ramp-up their oil and gas production, would oilfield services be a constraint to growth? Are oilfield service companies likely to invest in new equipment? Are E&P companies early adopters or laggards when it comes to digital technology?
Other content referenced in this week’s podcast includes:
- From the Energyphile collection, the vignette of the “Investor Visit”
- Peter’s written and audio story from the Energyphile collection “The Investor Visit” when a CEO hosts an investor to visit his oil well in 1915 and provides some timeless advice
- STEP Energy Services website: https://www.stepenergyservices.com/
- IronSight app website: https://ironsight.app/
Please review the ARC Energy Institute disclaimer.