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Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on ...
Six minor companies, adding 93 rigs to inventory various 2001 Three minor acquisitions, adding 34 rigs to inventory various 2002 Q Services [2] TX, LA, OK, NM and Gulf of Mexico 2003 Lea Fishing Tools (oilfield services) NM 2004 Fleet Cementers CA & TX 2007 Moncla Companies LA, MS & TX Advanced Measurements Incorporated (AMI) Canada Kings Oil ...
In 2002, the company drilled its first deepwater wells in the West Mediterranean Concession of offshore Egypt. [19] In 2003, the company acquired the Forties oilfield, the largest field ever discovered in the United Kingdom North Sea as well as assets in the Gulf of Mexico from BP for $1.3 billion. [20]
The average salary for those jobs will be $60,000 to $90,000, the release states, adding that the company plans to invest $94 million in New Mexico over the next 10 years.
Aug. 21—Five NM-based companies make Inc. 5000 list Five businesses that operate in New Mexico have made the Inc. 5000 fastest-growing private companies list for 2023.
The company announced major discoveries in 2010 in the Eagle Ford Group. [15] In May 2011, the company sold gas-producing properties in South Texas and New Mexico for $637 million. [16] In December 2014, the company sold its assets in Canada. [17] [18] Also in December 2014, founder Mark G. Papa resigned from the board of directors. [19]
New Mexico's biggest urban center and an oilfield county ranked among the top air-polluted areas in the U.S., according to a national study. The American Lung Association on April 24 released its ...