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REFILE-Few big US land drillers set to ride out oil downturn as winners
2014-12-19 19:32:26| Oil & Gas - Topix.net
Large U.S. onshore drilling firms that operate new, faster rigs are best placed to weather the looming downturn brought by slumping crude prices and could gain market share from smaller drillers with considerable debt and outdated equipment. Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation.
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Category:Energy and Environment
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