After a brush back in the second week of the year, the US land rig count surged ahead last week. 2017 E&P budgets and drilling programs are kicking in and we expect continued strength over the next 4-6 weeks. Take out a free trial below to see our full analysis of …

Here at Infill Thinking, we don’t forecast the price of oil – we focus on oilfield activity, markets, and companies. But we do regularly talk to some of the best crude oil minds in the business. When they share noteworthy observations, we pass them along. So when one of these …

This morning, Schlumberger management hosted a conference call with analysts to discuss 4Q16 results and the 2017 outlook. The company kicked off oilfield service earnings season on a positive note. Following nine consecutive quarters of relentless workforce reductions, cost cutting, and restructuring efforts, Schlumberger is restoring focus on the pursuit …

The big to-do in Washington today isn’t the only inauguration going today. In New York, the markets inaugurated Keane Group Inc. as the newest publicly traded frac outfit today. In this update, we discuss the IPO’s early performance and introduce the newest public frac company. There’s a lot more to this story… …

Schlumberger kicks off 4Q earnings season this week, hosting a conference call Friday morning to discuss the 2017 outlook. During the fourth quarter, a cyclical inflection point materialized in the US onshore market. A key question during the calls this earnings season will be how sustainable the cyclical growth trajectory …

Permian oilfield service and drilling contractors are having one great start to the year. Contractors got another dose of good news yesterday as Noble Energy expanded in the Permian Basin with the acquisition of Clayton Williams. In this update, we discuss why the deal is good for oilfield service contractors …

In the first months of the downturn, we began warning that a workforce designed for $100 oil is not the same one needed at $50 oil. However, the oilfield service industry right sized extremely quickly to lower activity levels over the past two years. We’ll soon see just how surgical these cuts …

Nothing can go up and to the right forever, especially not the rig count. The US onshore rig count fell back by six units this week. This break is actually a good thing and we explain why and break down the weekly rig count in in this post. There’s a …

WPX Energy joined in the Permian deal making fray, announcing a $775mm Delaware Basin acquisition late Thursday. 2017 operating plan announcements from Permian Independents aren’t the standard fare this year. We are used beginning of year E&P operating plans stating capex, production, and drilling program summaries. This year they are …

In a related update published last week, we described how the brute force enterprise of nano-darcy E&P is becoming more elegant. Elegance is achieved as sub-surface understanding moves closer to a realistic picture of the reservoir. Enhancing sub-surface understanding is where leading innovators in shale are focused today. They are …