Press Esc to close



For full content view: Log in Now!

  • Steady investment stream drives healthy equipment service sector

    William Donald (Donnie) Harris, Forrest A. Garb & Associates, Inc.

    The most important variable that drives our industry is oil prices. While oil prices hit a peak last year and have since declined slightly, we are still well above historical levels. We have enjoyed a very busy year with our existing clients, plus the addition of quite a few new ones. Most of the new ones are smaller companies just getting into the oil and gas industry, and they need a lot more help with the understanding of how reserves are reported. Although oil and gas prices have fallen and have taken some of the glow off planned investments, price stability going forward will be important, so that existing, upbeat trends are not damaged. We expect oil prices to maintain a $50-$60/bbl range in 2007 and the near future. Equipment/ service sector prospers. The equipment/ service firms have also seen a very high demand for their services.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology