SL SLB Schlumberger Limited Loading... : Bullish and Bearish Analyst Opinions

Management notes that private operators in the Permian are beginning to pick up rigs again, and they forecast a 25-30 rig increase in the Permian by year-end, suggesting an imminent tightening of oilfield service capacity and a potential shift to pricing power for service providers. — If private operators add rigs as expected, competition for frack crews and rigs will intensify, potentially leading to service price inflation and improved margins for service providers like Halliburton and SLB.