Suppliers to Oil & Gas Industry Share Pain of Drilling Slowdown

SUGAR LAND--April 24, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The collapse of crude-oil prices over the last nine months has taken its toll on critical suppliers to the Oil & Gas Industry, such as steel pipe mills and proppant providers. In recent years, those suppliers grew dramatically, in lockstep with soaring domestic crude-oil production. But in recent months, their fortunes have fallen along with crude-oil prices.

Within this article: Update on impact of falling oil and gas prices on industry supply companies.

Additional companies: U.S. Silica Holdings (NYSE:SLCA), Baker Hughes Incorporated (NYSE:BHI)