Extraction pricing feeling the most pressure
The decision by E&P companies to cut capital expenditures and increase efficiencies following the dramatic fall in oil prices put downward pressure on other sectors of the oil and gas industry.

The Bureau of Labor Statistics (BLS) tracks the rates oil and natural gas service companies are receiving for goods and services through its Producer Price Index (PPI). From June 2014 to May 2015, when oil and gas prices as measured by the PPI fell by 49%, service industry prices followed suit:


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