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  • Digg it UP - Where Did All the Oil Drilling Equipment and Well Service Equipment Go?

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    omewhere in a field. When oil began to rise a few years ago, demand for
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    The well drilling and servicing businesses have been very prosperous the last few years. The industry, although, has been marked by an extreme cyclical past that discouraged capital investment. It doesn't feel too good to have a multi-million dollar piece of equipment collecting weeds somewhere in a field. When oil began to rise a few years ago, demand for
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    e last few years. The industry, although, has been marked by an extreme cyclical past that discouraged capital investment. It doesn't feel too good to have a multi-million dollar piece of equipment collecting weeds somewhere in a field. When oil began to rise a few years ago, demand for
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    cyclical past that discouraged capital investment. It doesn't feel too good to have a multi-million dollar piece of equipment collecting weeds somewhere in a field. When oil began to rise a few years ago, demand for
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    ood to have a multi-million dollar piece of equipment collecting weeds somewhere in a field. When oil began to rise a few years ago, demand for
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    omewhere in a field. When oil began to rise a few years ago, demand for drilling came back and rotary giants came back. The interesting thing is that although equipment can come and go, what about people?

    Many people who in the late 70's or early 80's had done well in the oil business saw there returns diminish over the next two decades. Talented peop

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