Experts see onshore service companies benefiting from spill

06/27/2010 | Reuters

The onshore oilfield service industry is expected to benefit from the Gulf of Mexico spill's impact, as investors and companies focus on land-based drilling, experts said. The hazards and difficulties posed by searching for oil offshore have spurred drilling in shale-rich zones such as the Bakken, Eagle Ford and Marcellus. "We will continue to see an outperformance," said a Wunderlich Securities analyst.

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