crude prices

Adios Sugar Plum Fairies, It’s Back to Reality OR This Ain’t Musical Chairs

By: Chris Frevert, Managing Director (Let me preface this article by stating that I work in a world of probabilities, not possibilities. So, while it is certainly possible that the oilfield services/manufacturing industry will return to 2013 highs and ill-prepared … Continued

Citadel Attending PBIOS in Odessa, TX

Oil industry leaders from every corner of the world gather in Odessa, TX October 18-20 to learn about the latest technology, the newest equipment, to transact business and renew friendships. For 70 years the Permian Basin International Oil Show has … Continued

Survey: Historically Low Rig Counts, Crude Prices Continue to Affect O&G Workforce

By Chris Frevert, Managing Director Survey Details Reductions in Gross Revenues, Work Volume, and Headcount Since 2014, over 61% of oilfield service company owners have reduced their rates for top customers by more than 20%, and over 65% have seen … Continued

Ringing in the New Year; Shipping out the Crude

By Claudia Davis, Associate On New Year’s Eve we witnessed history as the first shipment of US crude and condensate to an overseas buyer set sail from Corpus Christi, TX. Less than two weeks since Congress lifted the over 40-year-old … Continued

Oil and Gas Workforce Bears the Brunt of Falling Crude Prices

By Chris Frevert, Managing Director It’s no secret the oil price downturn is changing the face of our industry. The early summer WTI head-fake above $60 provided some temporary optimism but, as prices settle in the $40’s, questions remain surrounding … Continued

Is OPEC ready to talk?

By Matt Thomas, Associate As we have come to learn over the past few months, OPEC is digging its heels in and seems committed to maintaining market share rather than supporting prices. How long this can continue is anyone’s guess. … Continued