Infill Thinking Lifting the O&G knowledge curve
Back in October, the North American land market was bracing for a seasonal slowdown into year-end.
Here’s the warning Halliburton CEO Dave Lesar issued on a conference call about 6 weeks ago: “Based on current customer feedback we remain cautious around customer activity due to holiday and seasonal weather-related downtime. Our customers may take extended breaks, starting as early as Thanksgiving, and push additional work to the first quarter of 2017.”
In this update we show subscribers a mind-blowing chart demonstrating just how overdone the CEO’s concern was. To his credit, Dave (and the rest of the market) had no way of knowing how OPEC would impact Lower 48 activity back then.
There’s a lot more to this story…
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