Apr. 17 - Stephen Taylor, CEO of Natural Gas Services Group, says natgas drilling will pick up if prices stabilize in the $5-$6 range, and feels new oil shale projects will be the biggest contributors to growth
Energy companies large and all are benefiting from this much support US energy independence joining me now on the floor of the New York Stock Exchange for your beat Taylor he is president. CEO of natural gas. To see it now thanks. You'd be here -- -- in the equipment side of the business -- supply. Freshmen are experts of these companies. How much of a boom has this whole rush toward energy independence. -- for -- it turns the bottom line. -- -- and certainly a big boost for us start with the gas sales factor in -- a long time -- -- five. Can you guess they'll -- -- -- -- and then of course went through a downturn for a couple of years and -- yourself. And his gas compression for -- to prospective gas prices of crude and natural gas he says. His -- sales of long associated gasping for. So room for compression automatic movement on those wells also. There and last through three years of being warmer this growing yours. Do it. That record revenue last year -- revenue was up with -- 40% you have again this year where I don't know we'll go to 40% but that with things being -- here. Mean you know we thank all Owens Pakistan. Things and being. There's always call ours. Thank thank you don't know at NASA's pricing and -- -- -- -- things. Gas prices -- -- -- of gas prices are much lower than where they were just a couple of years that's part of an accident getting back up. Eight dollars well and in common -- thing we know. -- now. He -- -- through at all. It's been improvement. You know I think we have having -- here and no more thank obviously talk more help. Residents in the throwing. Now I know moderated and -- -- them from my standpoint a lot of -- mark. So it's gonna help us. You know keep keep surprising them more reason -- -- over time until -- -- -- And we -- -- room afterward. Guests. Biggest risk or somebody like you in your industry isn't that fluctuating. Price on oil and gas that might hand down. And an effective estimates were -- productions. So. The recount thing right now we're used in the case -- what our future maybe that is down the road. -- productions we can stay up there long long and it just doing well wore him. Leaving so our equipment is installed. News staff for a long time so -- -- them down course and that will be effective June we can stand there. Lot of -- That helped our growth some -- time we're just kind of build them a -- Armstrong plays its. Biggest growth area right now. Really it's the agency also warning -- is our biggest. Pricing of growth is in the numbers you know -- Colorado. And I was right behind Permian Basin -- -- store and play lot of gas partners. You -- -- Barnett combo play it was possible. Some -- of these -- sales last. There's three years and reform areas. So we've we've connected very quickly moved in quickly and positive -- -- thanks and thanks to you. Any worries about potential stronger regulation coming out right now is always -- and I think it's. Thank you for more than its fair share of regulation. Senators. Fracturing controversy. All the time EPA's anymore more -- business. You know not the war. This is not opposed to things like I justice Moore right is it measured. Response. It was not. -- most punitive and maybe more proactive -- -- any concerns that the new energy secretary. Well you know what she can balance things will be okay. We'll see -- -- -- it -- to have -- -- that. Yesterday's match against time. More orientation -- whose. -- -- not the answer I think if we do it I'm Rhonda schaffler that this.