Oilfield Services Capacity: Hitting the Limits?

In the depths of the COVID pandemic, oilfield activity ground to a halt and service companies were forced to shrink.  While oilfield activity levels have rebounded significantly, they are still below the pre-pandemic peaks. 

This week, Steve Glanville, President and Chief Operating Officer of STEP Energy Services and Shawn Martens, Co-Founder, VP of Operations at IronSight join the podcast.

Here are some of the questions that Peter and Jackie ask:  How much inflation are you seeing now?  Is there a labour shortage for oil and gas workers? If North American E&P companies decided to ramp-up their oil and gas production, would oilfield services be a constraint to growth?  Are oilfield service companies likely to invest in new equipment?  Are E&P companies early adopters or laggards when it comes to digital technology? 

Other content referenced in this week’s podcast includes:

• From the Energyphile collection, the vignette of the “Investor Visit”  
• Peter’s written and audio story from the Energyphile collection “The Investor Visit” when a CEO hosts an investor to visit his oil well in 1915 and provides some timeless advice
• STEP Energy Services website: https://www.stepenergyservices.com/
• IronSight app website: https://ironsight.app/

Please review the ARC Energy Institute disclaimer.