In recent months oilfield inflation sharply increased as labor and equipment shortages emerged across the oilfield supply chain while service firms struggled to accommodate the rapid recovery in US drilling activity beginning mid-2016. With rig count continuing to increase, well costs are expected to rise going forward as oilfield suppliers work to improve their profit margins.
The Drilling and Completion Services (DCS) Cost Index is a quarterly report that tracks and forecasts price changes for products and services used in drilling and completing new wells in the US. It is a useful planning tool for those interested in benchmarking and forecasting well costs.
Oil company procurement departments
Oilfield service firms