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Technology Is the Future for Oil and Gas Service Firms

By Joel South – Updated Apr 7, 2017 at 1:11PM

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The oil and gas services industry traditionally realizes increased revenue in line with global rig growth. However, over the past several years, increased technology has allowed service firms an opportunity to increase revenue intensity through state-of-the-art drilling and 3-D seismic technology. As more integrated majors move to increasingly more difficult locales, the most advanced service firms are primed to earn a greater piece of the drilling pie.

Halliburton and Schlumberger are Joel's top two service firms in the energy sector, but there are plenty of other exciting opportunities. Our analysts have uncovered an under-the-radar company that's dominating its industry. It's a leading provider of equipment and components used in drilling and production operations and is poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this company before the market does. Click here to access your report -- it's totally free.

Austin Smith has no positions in the stocks mentioned above. Joel South owns shares of Schlumberger and Halliburton. The Motley Fool owns shares of Halliburton. Motley Fool newsletter services recommend Halliburton and Schlumberger. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Baker Hughes Incorporated Stock Quote
Baker Hughes Incorporated
BHI
Halliburton Company Stock Quote
Halliburton Company
HAL
$24.62 (-0.08%) $0.02
Schlumberger Limited Stock Quote
Schlumberger Limited
SLB
$35.90 (-0.20%) $0.07

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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