26 May Texas Oilfield Services Companies are Changing Global Oil and Gas Economics
In the next 5-10 years, Texas oilfield services companies may very well change dynamics and politics of oil and gas.
Thousands of small and mid-sized oilfield services companies are growing because of the oil and gas boom currently taking place in Texas. Oilfield drilling companies, oilfield services and supply companies, material suppliers, caterers, land clearing companies, trucking and logistics companies are all finding their place in the Eagle Ford Shale, Cline Shale, Barnett Shale, Woodforest Shale, and Haynesville-Boosier Shale plays.
In 2013 $61 billion in economic activity occured in the Eagle Ford Shale Play alone. Experts are cautiously predicting that the Cline Shale area may be 3-4 times the size of the Eagle Ford Shale.
In late May 2013, Sam Thacker wrote a column for AllBusiness.com titled Texas Oil and Gas: Changing the U.S. and State Economy. It is a great summary of what is happening in the Texas oilfield. Remember our company finances 2nd and third teir oilfield services companies. We use multiple types of financing to help us help oilfield services companies.
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