Leslie Beyer, president of Petroleum Equipment & Services Association (PESA), joined Hart Energy’s Jessica Morales and E&P Executive Editor Jennifer Presley to discuss the state of the oilfield services (OFS) sector and how its members are managing operations during the COVID-19 pandemic.
As PESA and its members have transitioned to remote collaboration, Beyer said she has seen oilfield service companies make cuts and, at times, even look to competitors for ideas on how to successfully navigate this period of uncertainty.
“Oilfield services is so competitive but everyone is coming together ... because, again, we are all in this together,” she said. “At the end of the day, getting our people back to work and getting the economy going again is what’s going to be the answer to this.”
Beyer also spoke about how PESA is advocating for the OFS sector in Washington, D.C., to ensure that oilfield service companies are represented in any upcoming stimulus package.
“The demand destruction is ultimately done by the federal government,” she said. “The federal government has made these restrictions that are resulting in the demand destruction. So, the federal government has to be part of the solution.”
For information on PESA resources visit PESA.org.
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