The Industry Is Changing, and So Are We Chris Cragg PESA Chairman Oil States International, Inc.

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Presentation transcript:

The Industry Is Changing, and So Are We Chris Cragg PESA Chairman Oil States International, Inc.

Prior to 2005, it looked like remaining large reserves were far from end-use markets and Middle East/FSU supplies would dominate global market Source: Baker Institute – Rice University

New World: Shale and other unconventionals alter energy balances in major end-use markets. Technology is lowering costs, leading to a more competitive marketplace. Source: Baker Institute – Rice University

The Three Pillars of PESA Jobs Technology Stability