Last quote by Martin Craighead
I believe oil prices in the upper $50s at a minimum are required for a sustainable recovery in North America. I don't subscribe to the hopeful commentary.
Jul 29 2016
Martin Craighead has been quoted 6 times. The two most recent articles where Martin Craighead has been quoted are Baker Hughes expects U.S. rig count to stabilize later in 2016 and Baker Hughes shares fall after big earnings miss. Most recently, Martin Craighead was quoted as having said, “During the quarter, the industry faced another precipitous decline in activity, exceeding even the most pessimistic predictions, as E&P companies further cut spending in an effort to protect cash flows.”.
Quotes by Martin Craighead
Apr 27 2016
During the quarter, the industry faced another precipitous decline in activity, exceeding even the most pessimistic predictions, as E&P companies further cut spending in an effort to protect cash flows.
Apr 27 2016
In the second quarter, we forecast the North America rig count to fall 30 percent compared to the first quarter average. For the second half of the year, we project the U.S. rig count will begin to stabilize, although we do not expect activity to meaningfully increase in 2016. Conversely, the international rig count is predicted to drop steadily through the end of the year as we see limited new projects in the pipeline.
Jan 28 2016
Customers' challenges of maximizing production, lowering their overall costs, and protecting cash flows were now more acute.
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