It was only a matter of time before drilling, fracking, and oilfield service providers for the oil and gas industry started raising their prices to reflect the improving prospects for their clients. Now the time has come, and drillers and frackers are asking much higher prices for their services; according to a CNBC report , the cost of fracking per well in some cases shot up by 50 percent between bidding and executing. We wrote about this last month, when a Wood Mac report warned that 2017 would be tough for oilfield service providers, and things would only start looking up in 2018. Yet, it seems that the rush to the Permian will help relieve many drillers and frackers of their earlier hardships. The Permian is currently the top spot for shale oil and gas. Everyone is buying acreage there and everyone is optimistic, not least because of the […]