The oil industry, which Trump wants to “drill, baby, drill”, is engaged in the beating

President Donald Trump wants the oil and gas industry to be “easy,” “rules”, seeking the agenda of energy domination, but the companies that participated in the actual drilling and the maintenance of wells were beaten for the first 100 days.

We have raw oil Prices fell below $ 65 per barrel, which decreased by 20% since Federal Reserve Bank Dallas.

Heads at the front of the US Shale Oil Boom are insured in Trump’s policy criticism in anonymous answers to the same poll. According to Mason Hamilton, vice president on economics and research, they used the word “uncertainty” in their comments more than in any quarter since the beginning of the Covid-19 pandemy pandemic five years ago, vice president of economics and research The American Institute of Oil.

Firms of the oil field service Baker Hughes. Heliburton and Slb They warn that investments in exploration, drilling and production will slow down this year from the fall in oil prices. Baker Hughes and SLB shares decreased by more than 20% after Trump’s inauguration, while Halliburton fell by 32%.

Since January 20, the S&P 500 energy sector decreased by more than 11%than a wider market decline by almost 8%.

Last week, SLB CEO Olivier Le Puchy said Trump tariffs cause economic uncertainty, which can harm demand, while a group of manufacturers known as OPEC+accelerates supplies faster than intended.

“In this environment, the prices for goods are disputed, and as long as they stabilize, customers are likely to take a more cautious approach to long-term activity and discreptual costs,” Le Peauch said last week in the first quarter of SLB with analysts and investors.

Less drilling

The North America market is faced with a more insufficient risk than in the rest of the world because the US oil production is more sensitive to goods, SLB said.

Baker Hughes predicts that this year compared to 2024 compared to 2024, compared to 2024, the costs in North America will decrease by low double -digit figures, CEO Lorenza Simonelli told investors in income, also last week.

“The prospects for the planned oil market, tariff growth, uncertainty in Mexico and the weakness of activity in Saudi Arabia collectively limit the international levels up on the current,” Simoneli said.

But the situation with the flow, with little visibility is that the second half of the year will bring, especially for more economically sensitive events, such as drilling and completion of Wells, said Baker Hughes chief. There is even a risk that the prognosis may deteriorate further, he said.

“These expectations suggest stabilization of oil prices around the current levels and (which) tariffs for the current 90-day pause,” Simoneli said. “The stable step below the oil prices or the tariffs will deteriorate, leading to further risk to this worldview.”

For his part, Halliburton CEO Jeffrey Miller said the clients “evaluate their activity scenarios and plan 2025.” Miller warned of the recent Halliburton earnings that a decrease in activity could lead to “higher than normal space”, citing periods unless used equipment.

SLB expects that profit will be equal or grow on the average single in the second half of the year. Baker Hughes sees the tariff impact from $ 100 to $ 200 million on their income, taxes, depreciation and depreciation, believing that tariff rates do not increase this year. Halliburton predicts that in the second quarter the trade tensions will reach 2 to 3 cents per share.

Energy Secretary promises “clarity”

A drilling contractor Energy Patterson-Stuti He also sees an uncertain outlook, although the level of activity has not yet been affected, CEO William Hendrix said on a company’s profits last Thursday. Paterson-Uti’s actions fell about 35% after Trump came to the post.

“If oil prices remain almost on the current level over a long period, we could see that some of our customers are re -evaluating their plans,” Hendrix said. The CEO said the research and production companies are waiting for oil prices to bounce to the top range of $ 60 per barrel.

“In the lower 60s, we could see that there would be some softening,” Hendrix said. “Of course, there would be some E&S that make some decisions to reduce their budgets. But even in the low 60s I would not expect a sharp reaction from the client base to which we work,” he said.

Last week, US Energy Minister Chris Wright recognized oil and gas heads at the Oklahoma -Sity conference that there is “a lot of alarm and uncertainty” in the field.

“It will take a few weeks. It may be a few months, but I think in a few weeks we will get some clarity,” said Wright, defending Trump’s trade policy. Service provider of the oil fields founded by Wright, Freedom energyFrom the moment of Trump’s inauguration, almost 46%entered.

Wright claimed at the conference of Oklahoma that as a result of Trump’s re -industrialization, Trump’s trade policy will eventually increase the demand for energy. In an interview with CNBC on Monday, the Energy Minister said he did not expect the United States to decline significantly.

“Our administration, we have no influence on the short-term oil prices or any price on this issue,” said Wright Brian Sullivan CNBC. “We are trying to do our best to reduce the costs to create a barrel of oil,” he said, pointing to Trump’s efforts to reduce the rules and speed permits.