Since the Hughes Tool Company began counting drilling rigs 70 years ago, the oil and gas industry has used rig count to gauge the health of the industry – a climbing rig count pointed to better times ahead and a declining rig count signaled growing caution. Industry leaders, however, are beginning to notice that some oilfield equipment and service companies are continuing to grow and prosper despite periods of declining rig count. Although we work in an industry that will always rely on...
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Submitted on
30-Jan-06 10:00 AM
by Richard Spears