KLX Energy: Strong Upside As US Onshore Rig Activity Stabilize Led By Natural Gas Improvements

Core Insights - KLX Energy (KLXE) is identified as a US small-cap oil and gas service provider with a focus on onshore operations [1] - The rig count for onshore drilling, particularly for oil rigs, has seen a significant decline over recent years [1] Company Overview - KLX Energy operates primarily in the oil and gas service sector, catering to onshore drilling needs [1] - The company is positioned within a challenging market environment due to the reduction in oil rig counts [1] Industry Context - The overall trend in the oil and gas industry indicates a substantial decrease in the number of operational oil rigs, impacting service providers like KLX Energy [1]