Oil Services Companies Are Rushing for Technology Dominance

The oil services space has never been more competitive. Companies are all looking to profit from advances in the oil and gas industry through new services such as pressure pumping. To really stand out among its peers, companies are developing technology advantages. Halliburton (NYSE: HAL  ) , Nabors Industries (NYSE: NBR  ) , and Core Laboratories (NYSE: CLB  ) each have established themselves as technology leaders in respective spaces. That should bode well for each company in the future.

In the case of Nabors Industries, the company's Pace X rig is a play on U.S. demand for pad drilling. This new rig allows a driller to drill several wells at a single site without needing to assemble and disassemble the rig, making operations at pads much more efficient. This new rig, the technology leader in the space, has allowed Nabors to capture a large portion of the market for these particular rigs. Tune in to the video below to learn more about the technological advantages of both Halliburton and Core Labs, and what it means for each company. 

More companies pulling down hefty profits from America's energy boom
Record oil and natural gas production is revolutionizing the United States' energy portfolio, but finding the right plays for your portfolio can be like finding a needle in a pile of rusty needles. For this reason, we have put together a comprehensive look at three energy companies set to soar during this transformation in the energy industry. Let us help you discover these three companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investment resource. 

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2747063, ~/Articles/ArticleHandler.aspx, 9/30/2016 11:40:39 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/30/2016 4:02 PM
CLB $112.33 Up +1.85 +1.67%
Core Laboratories CAPS Rating: ****
HAL $44.88 Up +0.70 +1.58%
Halliburton CAPS Rating: ****
NBR $12.16 Up +0.36 +3.05%
Nabors Industries CAPS Rating: ****
NESC $0.20 Down -0.03 -13.00%
Nuverra Environmen… CAPS Rating: ***