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Service Costs Could Rise Higher

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By Richard Mason, Hart Energy
July 1, 2014

It has been a great run for oil and gas operators. High commodity prices coupled with efficiency improvements in the oil patch have opened the door for expanding margins.

But all good things come to an end, and for domestic oil and gas operators, the long respite from lower oil service costs appears to be waning.

Some hints are found among the pressure pumpers, with two of the Big Four multinational service providers promising investors that North American margins will increase in second-half 2014. Even the publicly held land drillers ...

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