Transocean’s fleet status report released late Monday afternoon showed that three more midwater semis have been selected for scrapping. At Infill Thinking, we now track 98 offshore rigs that have been retired since the downturn began in 2014. These 98 include the Transocean Driller, Transocean Winner and Sedco 704, which Transocean now plans to scrap this quarter. …

For the first time in more than two years, it feels pretty good to be a North American land drilling contractor right about now. Beyond the headline rig count increases we’ve all heard of, other important industry metrics are moving upwards as well. The North American land drillers are the tip of the spear …

As we initiate our weekly rig count update here at Infill Thinking, it is nice to be writing about growth again for the first time in two years. Since the May 27, 2016 bottom, the US land rig count is up 154 rigs or +41%. Recent growth has been largely driven …

On Schlumberger’s conference call Friday morning, CEO Paal Kibsgaard made one central theme very clear. He is preparing his organization for growth again. Conversations with almost every Schlumberger customer on pricing increases have begun. Outside of Asia Pacific, Kibsgaard sees tender shoots of recovery sprouting in every market across the globe. There’s a …

Much has been said lately about deepwater lagging onshore in any sort of recovery. Rightly so, particularly for new drilling. But this doesn’t mean deepwater is dead in the water. Instead, it means the recovery could look quite a bit different this time. We got some clues about the equipment mix shift …

On Wednesday, Halliburton kicked off earnings season with a tidy report that boosted the stock by 5%. In other posts, we covered our key takeaways from the press release and a significant tone shift that has implications for future upcycles. Seven key observations about the competitive landscape are discussed here, but first we pause for …

An important tone shift in how Halliburton addressed investors Wednesday morning foreshadows a different type of recovery ahead. Reading between the lines, we’ve dubbed the upcycle of the future a “roll up your sleeves” recovery. What will oilfield companies have to do to achieve prior KPIs in the recovery ahead? We discuss that and more… There’s …

Breaking October 19, 2016 6:30am central. Halliburton released its 3Q16 earnings report, marking the start of earnings season in the oilfield. Relative to the second quarter, Halliburton’s sales in North America grew. This is the first revenue increase in seven quarters. This growth offset a continued decline in international business to keep total …

Oilfield earnings season begins this week with Halliburton’s conference call. The tone on this upcoming round of calls is likely to be more positive than any time in recent memory. In this Thinking Ahead we outline key calls to monitor and discuss seven key themes we expect to be prevalent during the imminent earnings season. …

Welcome to InfillThinking.com. I’m Joseph Triepke, Founder and Principal Research Analyst, and I want to thank you for spending some of your valuable time here. Infill Thinking launched in 2016 to cover the US oilfield marketplace with independent research of the highest caliber. Our goal here, in its simplest form, …