I don't know the time frame exactly, but it's clear they're all going to want to start spending money again.
More Quotes from Andrew Gould:
(Producers') plans have already been put in place to achieve this, but it will take several years of sustained activity to develop the new production that can reliably replace today's supply.Andrew Gould
Will the industry outsource more? I think it depends on the client base.
Andrew Gould
Obviously the shift to gas and the need for large amounts of gas in the United States is going to be a major focus of attention on the part of producers.
Andrew Gould
I think that in the near term the only threat to demand is some form of recession here in the United States.
Andrew Gould
This will result in wells that will make a substantial improvement in the recovery factor just because they are absolutely in the proper place within the reservoir for the purposes of drainage.
Andrew Gould
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If we had been less reliant on technology and the security that we enjoy in being divorced from what we used to know, maybe things would have turned out differently.
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