Insight
2025 tight oil costs: declining activity and lower service prices offset tariff pressure
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Report summary
Falling WTI prices and subsequent rig count declines are generating deflation across most oilfield service lines, promising lower D&C costs. Yet, this potential saving is in direct conflict with the 50% US steel tariffs, which are forcing an isolated cost increase for essential Oil Country Tubular Goods. What does this all mean for 2026 D&C costs?
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