The Oilfields Industry in Grand Prarie
The oilfield equipment and services (or OFS) industry encompasses all products and services associated with the oil and gas exploration and production process, i.e. the energy industry's upstream sector. These businesses are generally involved in the manufacture, repair, and maintenance of oil extraction and transportation equipment. When most people think of an oilfield services company, they think of seismic testing, transport services, and directional services for horizontal drillers, in addition to well construction and production and completion services. OFS providers emerged in their modern form as a result of a combination of factors dating back to the late 1990s oil price slump and the mega-mergers of BP-Amoco in 1998 and Exxon-Mobil in 1999. Mergers of this size enabled logistics synergies as well as asset restructuring and optimization. Indicators of the oilfield service industry At its core, the revenue of the Oilfield Construction Companies in Grande Prairie is a fu