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Senior managing mirector at Evercore ISI on labor shortage of oilfield service companies

By on 6 Feb 2017 in quotes

“Oilfield service companies have pressed fresh (green) blood into service amidst a vigorous ramp up in activity, and failure/HSE rates have already felt the negative impact. Not only is labor a bottleneck, it is shaping up to be the primary bottleneck in the early stages of the [North American] recovery…E&P’s will throw enough money at the North American labor problem to bring the sector back to equilibrium, sacrificing capital efficiency to hit production targets.”

James West, a senior managing director at Evercore ISI

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