|
|
Article: Oil field foils. (oil field support industries.)
- Article from:
- Alaska Business Monthly
- Article date:
- February 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
OIL FIELD FOILS
FOR ALASKA'S OIL FIELD SERvice companies, 1989 began hopefully. The survivors of the oil patch contraction were leaner and meaner, but they were still in business. A variety of strategies had seen them through a depressing decline in oil field work, and there was hope on the near horizon that the large investments needed to squeeze oil out of the declining Prudhoe Bay field would tide businesses over until the Arctic National Wildlife Refuge or other frontier areas were opened.
Then the Exxon Valdez ran aground on Bligh Reef and the skies that had begun to smile on the industry turned dark and stormy. From the somber reflections of company ...