Home > Tools > News > Oil And Gas Sector “A Mess”

Oil and gas sector “a mess”

Feb 11, 2016 at 08:57 AM CST

OKOTOKS, Alta. — Mullen Group grew its truckling/logistics revenue in the fourth quarter and full year 2015, however it was not enough to offset spiraling declines in its oilfield services segment.

The company reported Q4 and full year results yesterday. Trucking/logistics revenue was $177.5 million in the fourth quarter (up 21.5% year-over-year) and $714.8 million for the year (up 25.2%).

Mullen Group profits declined nearly 86% in 2015, but it grew trucking/logistics revenue