RPT-Oilfield cannibals: to save cash, U.S. drillers strip idle rigs
October 07, 2015 at 07:00 AM EDT
HOUSTON, Oct 7 (Reuters) - Cam Hewell runs Premium Oilfield Technologies, a small company that makes equipment and spare parts for drilling rigs from North Dakota to Texas. Like his rivals, he is trying to withstand the worst oilfield downturn in six years, but they face a vexing obstacle: cannibals.