As Upstreamonline first reported and we discussed last week, Norwegian startup Borr Drilling has been sniffing around Transocean’s jackup fleet. On Monday, Borr Drilling put out a press release confirming the reports. The company says it has signed an LOI with Transocean for the purchase of 15 jackups. Transocean has not released …

In our previous weekly rig count update, we noted that Permian growth has been slowing and provided some thinking as to why. This week, Lower 48 drilling surged, printing its best weekly gain since January. But the Permian was notably absent from the party. We’ve got charts, stats and analysis on …

Earlier this week, we published an in-depth look at Encana’s Davidson pad in the Permian. 64 wells are planned at this site, making it the largest full-scale development in the Permian. We believe that reader response to a report like this can often be more compelling than the report itself, for …

Note: Each Friday in March, we are passing the keyboard to one of our readers to share perspective from the field. We hope you enjoy the thoughts these hand-picked contributors have to share.     There’s a lot more to this story… Login to see the full update…  To read …

Traveling down W FM Road 1787 south of Odessa before Hwy 349,  a well-worn dirt road wide enough for two-way traffic cuts off the main road. About two miles down this dirt road lies a monster. This is the site of Encana’s Davidson multi-well pad – a Permian phenomenon. It is the …

This morning, the Norwegian Financial daily Finansavisen reported in no uncertain terms that Aker Group, owned by Kjell Inge Røkke, is about to sell Aker Solutions to Halliburton. We have detailed analysis of the possibility including a cliff hanger question you don’t want to miss… There’s a lot more to this story… Login …

Unconventional drilling in the Permian’s Midland and Delaware Basins has been increasing at a breakneck pace since 4Q16. Horizontal rigs going back to work on Midland and Delaware formations alone account for 1/3rd of the total increase in Lower 48 rig count since September 30, 2016. Over the past five weeks or …

Reports out late-last week suggested two significant offshore drilling M&A deals were in the making. One of the deals was confirmed Monday morning. The two deals are spearheaded separately by former partners John Fredriksen and Tor Olov Troim. Fredriksen’s deal is deepwater, Troim’s is a shallow water play. John Fredriksen …

This earnings season has been rough on the sand stocks. The sell-off appears to be the classic case of a crowded trade. Sand stocks we monitor had increased 433% from the bottom about this time last year. In the past three weeks (as they reported 4Q16 earnings), they’ve fallen 30%. Big Oil …

Note: Each Friday in March, we are passing the keyboard to one of our readers to share perspective from the field. We hope you enjoy the thoughts these hand-picked contributors have to share. Here is this week’s story… Why am I sitting in a hotel in Midland? It seems a …