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April 2019 Society Meeting
April 16 @ 3:00 pm - 7:00 pmFree
Richard B. Spears – Spears & Associates, Inc.
Topic: Outlook for the Oilfield Equipment and Services Market in 2019
As a result of surprisingly low oil prices, the upstream oil and gas industry hit a speed bump in Q4 2018, jolting the 2019 drilling budgets of many E&P companies around the world. Will the US see continued growth in drilling in 2019? Is Canada stuck in neutral? Will international save us? Richard Spears will present his firm’s 2019 outlook for oilfield service & equipment markets
With an engineering degree from Oklahoma State University and graduate work in industrial engineering, Richard Spears has worked for 40 years in the upstream oil and gas industry, starting as a field engineer for Halliburton. Today, Richard is one of the managing directors of Spears & Associates, an oilfield market research firm founded in 1965. The firm has over 350 clients worldwide. Richard has been with the firm since 1985.
Richard is a 35-year member of the Society of Petroleum Engineers.
Richard is on the board of directors of Evolution Engineering, a manufacturer of measurement while drilling systems.