Oilfield services companies will need to preserve capital and ride out the storm before they can expect to see an uptick in activity.

Why Outlook for Oilfield Services Sector is Down, But Not Out

Oilfield services companies will need to preserve capital and ride out the storm before they can expect to see an uptick in activity. Historically, there’s been a correlation between rig counts and oil prices driving capital spending in the upstream sector of the energy industry. Likewise, this has typically been…

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Author Profile
Dean Price
Partner - 

Dean Price is an Opportune Partner responsible for the Oilfield Services Sector and the Valuation Advisory and Tax Service Lines. He has 29 years of experience in valuation advisory and energy consulting serving clients in various segments of the Energy Industry. Dean has extensive experience in performing valuations of businesses and assets for acquisition, divestiture, financing, financial reporting and tax. He has conducted engagements throughout the United States and abroad. Dean’s engagement highlights include performing valuations for various segments of the energy industry, such as exploration and production, midstream, downstream, oilfield services and petrochemicals. He has conducted valuations and consulting engagements in Eastern Europe, South America and Asia for privatization purposes. Dean’s 29 years of valuation advisory experience includes eight years with Duff & Phelps as practice leader of the Houston office and 17 years in public accounting with Deloitte and KPMG. Prior to entering public accounting, he spent five years at Marathon Oil Company in the accounting and tax department.

Author Profile
Kevin Cannon
Principal - 

Kevin Cannon is a Principal in Opportune’s Valuation practice based in Houston. He has 19 years of experience performing business and asset valuations and providing corporate finance consulting. His specific experience includes valuations of businesses and intangible assets for purchase price allocations, impairment, tax planning, management planning and portfolio valuation purposes for companies in a variety of industries, including oil and gas, oilfield services, and industrial manufacturing.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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