SOURCE: Industrial Info Resources

Industrial Info Resources

September 04, 2015 06:10 ET

Despite Downturn, Some Suppliers to Oil & Gas Industry Are Growing, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Sep 4, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Companies that supply equipment or services to the  Oil & Gas Industry have shared the pain of their exploration and production clients during the last 12 months as crude oil prices have plunged and natural gas prices have remained soft. Suppliers to the industry have enacted many of the same tactics as their clients in the Oil Patch: discounted prices, closed offices, reduced staff, scaled back new initiatives and renegotiated bank loans.

Within this article: Details on how Oil Patch service companies are dealing with low oil prices.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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