As Wages Begin To Increase, Service Companies Have Another Reason To Raise Prices

Depending on the oilfield service or product line, we’ve heard of price increases of anywhere from 5% to 40% pushed through just in the past few months alone. As service companies look for new angles to justify higher list prices, they are increasingly pointing a finger at the labor pool. This blame-casting certainly has some merit

With labor costs starting to rise, we explore current oilfield workforce trends, highlighting how a tight labor pool could actually be a boon to service contractors.

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