Notes

Best Hill Country Well Services
Where Did All of the Oil Drilling Equipment and Well Service Equipment Go?
The well drilling and servicing businesses have been very prosperous the previous few years. The, although, has been marked by an extreme cyclical past that discouraged capital investment. Hill Country Well services does not feel too good to get a multi-million dollar device collecting weeds somewhere in a field. When oil begun to rise a couple of years ago, demand for drilling returned and rotary giants returned. The interesting thing is that although equipment can come and go, what about people?

Many people who in the late 70's or early 80's had done well in the oil business saw there returns diminish on the next two decades. Talented people are usually in a position to switch gears, therefore, many of them shifted to more profitable endeavors. The average family oil business struggled for quite some time as oil prices languished. Funny, I don't recall hearing such outrage from politicians as has been witnessed lately. For the people that stuck it out and invested when times were bad, they're now reaping the advantages of the flip side...... to punish them for risk taking is un-american.

Given that times are booming, it isn't necessarily the equipment that's missing, but the human capital. People make things happen. I am sure many of them didn't want to get back to oil just to see it languish again, so they waited it out. This has led to a lack of skilled labor in oilfields around America. Human capital will always be more important than any little bit of new equipment in the oilfield.


A veteran financial officer for multiple construction companies, Gerald can be an experienced leader. Seeing the opportunities in the oil & gas business, he could be now focusing his efforts in building value through use of new technology in the oil patch.

Read More: https://vlasekwater.com/