SOURCE: Industrial Info Resources

Industrial Info Resources

January 26, 2015 06:00 ET

How Will the Drilling Slowdown Affect the U.S. Industrial Landscape? - an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 26, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The recent announcements by oil field services companies Schlumberger (NYSE:SLB), Baker Hughes (NYSE:BHI) and Halliburton (NYSE:HAL) that they will be laying off employees in the near future came as little surprise to those keeping an eye on oil prices, declining rig counts, and sizable cuts in the capital budgets of global oil producers.

The majority of these layoffs will occur in the oilfields as drilling slows. However, many producers have hedges in place, which continue to make production worthwhile in all but the most expensive drilling areas, helping protect companies from the drastic drop in oil price for several months to come.

The slowed drilling programs will delay some midstream and downstream infrastructure construction such as pipelines and storage capacity, but most larger production plans remain in place, although these may occur on a slower schedule. 

For those seeking a better understanding of how the changing prices of oil and gas are affecting industrial project activity, Industrial Info's 2015 Market Outlook and Networking Event on January 29 in Houston is a good place to start. The outlook will discuss the major trends and movement expected to occur in North America's industrial landscape in 2015, with special emphasis on the U.S. Southwest and Gulf Coast regions. 

In addition to a top-line spending forecast and a discussion of the U.S. craft labor market, Industrial Info's industry experts will provide presentations on industry sectors, including:

  • Oil & Gas Production, Pipelines, Terminals
  • Power Generation
  • Petroleum Refining
  • Chemical Processing

This complimentary event will begin at 3:30 p.m. on January 29 at the Hilton Americas in downtown Houston. Hors d'oeuvres and cocktails will be served after the presentations, providing you valuable time to meet and greet your peers and ask questions from our industry experts. 

Space is limited, so make sure to RSVP today!

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten 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 "Contact Us" page.

Contact Information

  • Contact:
    William Ploch
    (713) 783-5147