如果您经常看到我们的信息，就考虑点击上面蓝字投资美国石油俱乐部直接关注呦！

Resourse: FuelFix

HOUSTON – The CEO of Frank’s International says fierce competition foroil field work has led to rivals offering U.S. oil companies irrationally lowprices for services and equipment.

Frank’s CEO Gary Luquette told investors Wednesday the company istrying to avoid winning work at unacceptable margins, even as the industry iswinding up for another round of requests for discounts on oil field tools asthe initial discount agreements are expiring.

“I suspect many of the boards and executive teams ofour customers are now talking about another round of capital reductions, costreductions to try to manage cash now that they’re starting to push out theoutlook on price recovery later this year or even into 2016,” Luquette said.“It really becomes all about cash management.”

U.S. oil companies say their drilling costs have come down some 20 to30 percent this year, largely in the second quarter, because their equipmentsuppliers have brought prices down and cut costs on their own, includingthrough job reductions.

Frank’s International has cut about 15 percent of its headcount thisyear, with close to 600 jobs cut in the second quarter. Though Frank’s islooking for acquisition targets in the U.S. land market and in internationalmarkets, the recent slide in oil prices has also made it much more difficult toreach a consensus on sales prices for corporate consolidations, said JohnSinders, Frank’s executive vice president of administration.

Frank’s said its profits fell 41 percent in the second quarter as themarket for drilling tools sank in the United States. The company, which isheadquartered in the Netherlands but has its main U.S. offices in Houston, hadprofits of $20.8 million in the second quarter, or 14 cents a share, down from$35.2 million, or 23 cents a share, in the April-June period last year.Revenues fell to $254.3 million from $272.9 million.

Luquette said some of Frank’s customers believe crude prices willremain low for the rest of the year and are deferring projects and drillingprograms until prices improve. Frank’s U.S. services business declined themost, with sales dropping from $105.6 million to $78.4 million. Internationalrevenues declined from $129.5 million to $122.6 million.

关于我们

投资美国石油俱乐部

全球第一个专注于美国石油天然气行业投资的华人微信公众平台。美国有超过400万平方公里的土地与矿产资源属于私人所有，是世界上最适合中小资本与个人参与原油开采投资的国家。自2006年美国爆发页岩气革命以来，美国的页岩油、致密油产量剧增，目前的原油日产量排名世界第三。预计2020年美国将成为世界上最大的石油出口国。美国原油生产成本大致在20~65美金/每桶之间，每口油井寿命达10年以上，通常直接销售原油带来的现金收入是初始打井投资额的3倍到10倍。本公众号介绍美国石油与天然气开采行业的资讯与动态、分享中国投资人参与投资的机会。如果想了解更多，可以加微信平台管理员的个人微信号teresa13264021820,为您解答更多问题哦。

免责声明：我们发布的转载资讯，对文中陈述、观点保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。如有版权问题，请联系我们，我们负责版权保护。