Despite Downturn, Some Suppliers to Oil & Gas Industry are Growing

SUGAR LAND--September 4, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Companies that supply equipment or services to the Oil & Gas Industry have shared the pain of their exploration and production clients during the last 12 months as crude oil prices have plunged and natural gas prices have remained soft. Suppliers to the industry have enacted many of the same tactics as their clients in the Oil Patch: discounted prices, closed offices, reduced staff, scaled back new initiatives and renegotiated bank loans.

Within this article: Details on how Oil Patch service companies are dealing with low oil prices.