Rapid demand growth has created capacity constraints that are supporting higher prices and expanding margins. Investments are beginning to add capacity, but at a rate that will likely be absorbed quickly by rising demand.

Capacity constraints throughout the industry have become severe.

You've had not only a steady rise in actual oil and gas prices, but you have had a steady rise in the expected oil and gas prices by the companies. Spending plans appear to be robust.

What we are seeing here is the very natural and logical response of this industry to the pricing signals coming from the worldwide market. There is strong demand for their products: oil and gas.

We're actually playing as a team more now than at the beginning of the season. I think we're starting to change it around.

At the beginning, it can be devastating. But to be honest, you learn more from a bad set than you do from a good set; if you never have a bad set, you never get better. Sometimes they just don't get you, and sometimes you have to be able to adjust.