Petroleum Technology Luncheon - October 10th

The next Petroleum Technology Luncheon is on Tuesday October 10th.

Long Beach Petroleum Club
3636 Linden Avenue
Long Beach, CA 90807
Registration: 11:30 AM
Buffet Lunch: 11:30 AM
Presentation: 12:00-1:00 PM
$30.00 members (+$1 credit card fee)
$30.00 for non members (+$1 credit card fee)
$10 for students

Oilfield Equipment & Service Markets

Richard Spears
Vice President
Spears & Assoc. Inc.
8908 S Yale Ave #440
Tulsa OK, 74137


The global oilfield equipment and service market enjoyed record years through 2014, but the collapse in drilling activity through 2016 brought many service companies to the brink of extinction. Richard Spears will present his firm’s 2017-2018 outlook for key oilfield service and equipment markets while discussing some of the technology trends that have been benefiting operators on land in the US in recent years.


With an engineering degree from Oklahoma State University and graduate work in industrial engineering, Richard Spears has worked for 35 years in the upstream oil and gas industry, starting as a field engineer for Halliburton. Today, Richard is one of the managing directors of Spears & Associates, an oilfield market research firm founded in 1965. The firm has over 400 clients worldwide, including all major oil companies, many national oil companies, all major service companies and over one hundred private and institutional investors. Richard has been with the firm since 1985 and leads the firm’s mergers and acquisitions support practice.

Richard is a 30-year member of the Society of Petroleum Engineers (SPE 1141910) and was an SPE Distinguished Lecturer 2005‐2006. He is also a 29-year member of the Association of Energy Service Companies. Richard is on the board of directors of several oilfield service companies.