The Current Oil Market From An Operator’s Standpoint
Oil & Gas Operators Are Optimistic Of An Upward Crude Oil Market Trend In 2016
“I have a feeling the price of oil will bottom out again and then slowly climb up in the next 12-18 months. I expect the price of oil to bottom out between $25-$30 a BBL…” stated Christine Scarborough with Princess Three Operating of Henderson, TX. Princess Three Operating is an operator, as well as a cementing and workover rig company, with operations in East Texas, Louisiana, and Western & Central Oklahoma. Most companies are focusing on short term plans, but companies like Princess Three Operating are currently looking to purchase oil and gas properties in their operating areas, along with joint venture opportunities. They are considered a company with vision and strength due to their current plan of action and gall to advertise during a dkiyt downturn.
ProductionBrokers.com, is an Oklahoma City based oil and gas website, which deals in ecommerce auctions of oil & gas equipment, asset divestments, and advertising for the energy sector. The website, has seen increase amounts of advertising push in oil & gas related service companies and corporations starting to catch their breath. "Believe or not there is still a lot of work that needs to be done in the oil patch and the corporations who are advertising with a business as usual attitude, will reap the benefits presently and historically speaking, on the other side of the downturn…” stated Tom Field with ProductionBrokers.com.
Although upcoming sanctions on exploration and the volatility of OPEC, have analysts heads spinning, it should be a sigh of relief for investors, that companies like Princess Three Operating, who are in the trenches, are still doing everything they can to increase profit and withstand the current speed bump of market pricing.
Page Updated Last on: Mar 27, 2015