SOURCE: Industrial Info Resources

Industrial Info Resources

April 24, 2015 06:00 ET

Suppliers to Oil & Gas Industry Share Pain of Drilling Slowdown, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 24, 2015) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The collapse of crude-oil prices over the last nine months has taken its toll on critical suppliers to the Oil & Gas Industry, such as steel pipe mills and proppant providers. In recent years, those suppliers grew dramatically, in lockstep with soaring domestic crude-oil production. But in recent months, their fortunes have fallen along with crude-oil prices.

Within this article: Update on impact of falling oil and gas prices on industry supply companies.

Additional companies: U.S. Silica Holdings (NYSE:SLCA), Bakes Hughes Incorporated (NYSE:BHI)

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