A New Bottleneck Emerges For U.S. Oil And Gas ...Middle East

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A New Bottleneck Emerges For U.S. Oil And Gas
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When the energy crisis hit a nadir two years ago, highly indebted E&P companies quickly changed their operational playbook, adopting stricter cost discipline, cutting back on expensive drilling programs and vowing to return more cash to shareholders in the form of dividends and buybacks.  But E&Ps are not the only ones pursuing this new strategy. Oilfield services (OFS) companies have also adopted greater cost discipline, prioritizing cash generation and distributions to shareholders. For instance, in their latest earnings season,…

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