The Current Oil Market From An Operator’s Standpoint

Oil & Gas Operators Are Optimistic Of An Upward Crude Oil Market Trend In 2016
 
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Oil
Energy
Finance
OilandGas
Oil Price

Industry:
Energy

Location:
Oklahoma City - Oklahoma - US

OKLAHOMA CITY - March 27, 2015 - PRLog -- Currently, operators in the United States are seizing any opportunity for work, especially in Texas, Louisiana, and Oklahoma regions, who are geographically, starting to feel the effects of many exploration companies closing up shop. As the average operator is functioning at 50%, with the forecast of $40 oil, many are rolling up their sleeves and seeking joint venture partnerships along with large amounts of divestment, with the hope of a large return on investment, when the market stabilizes.

“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.

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Tags:Oil, Energy, Finance, OilandGas, Oil Price
Industry:Energy
Location:Oklahoma City - Oklahoma - United States
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Page Updated Last on: Mar 27, 2015
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