On Thursday, Patterson-UTI said it will take delivery of newbuild rigs again during 2017. In the downturn, Patterson-UTI suspended their newbuild program and last took took a delivery in 4Q15. There’s a lot more to this story… Login to see the full update…  To read this update and receive our …

Following the well received initial public offering floated by Keane Group (ticker FRAC) in January, ProPetro filed for their IPO on Wednesday. They take the ticker PUMP – stale oilfield comp sheets are getting a trendy new makeover. This Permian pumper is going to grow fast – sign in to read all …

There is optimism in NOV’s tone again. In this update, we share the very latest on their orders and outline what they are seeing from customers in terms of inquiries, needs, and technology demands as pockets of newbuilding return for the firs time in over two years… There’s a lot …

We are all talking about the Permian Basin a ton these days. But is this too general now? As the entire industry descends on the region, it has bifurcated into two distinct geo-markets from a surface perspective… There’s a lot more to this story… Login to see the full update…  To read …

Diamond Offshore was the first offshore driller to host its 4Q16 earnings conference call on Monday morning. In this post, we extract the most poignant statements management made on the call about the future of the offshore drilling business, identifying and corroborating some of the most important themes in the offshore …

In his debut Thursday morning, Krishna’s clear and concise vision for the company’s future greatly impressed us. He knocked it out of the park and launched the biggest turnaround story in the industry. There’s a lot more to this story… Login to see the full update…  To read this update …

On Wednesday afternoon, Weatherford announced that a new alliance has been formed with Nabors Industries to integrate drilling rigs and services in the US land market. This new service model is something Schlumberger has been talking about and working on for several years now. In this update, we offer our take …

A restructuring press release from Seadrill on Tuesday sent shares tumbling 29%. The press release said achieving viable restructuring would involve “significant dilution to current shareholders” and noted that the company needs a $1bn lifeline. In this context, down shares 29% is about right. But significant dilution to shareholders in a restructuring …

As we write, the US onshore rig count is breaching the 700 mark (it stood at 689 last week). In this update, we explore what happens when a rig count of 900 is reached (which could happen sooner than you might think). We dig into the details of how much …

On February 2, Weatherford’s new CEO Krishna Shivram will host his first earnings conference call as the boss of the company. This is a pivotal moment for the company. As Krishna unveils his strategic vision for the company tomorrow, he will usher in a new era, re-setting expectations for Weatherford for …