It’s Tuesday May 12, 2020 and from our desk to yours, here is a roundup of noteworthy downturn datapoints that advance the oilfield business narrative as the bottom approaches. There’s a lot more to this story… Login to see the full update… To read this update and receive our research …
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A Fiery Response To Frac Sand Insolvency Lawsuit [Read The Letter]
Yesterday we summarized the plaintiff’s arguments, which have market implications in the last mile. Today we cover the defendant’s response…. There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are …
Read More »Last Mile Logistics Contractor Challenges A Public Frac Sand Producer’s Solvency In Court After Non-Payment
A last mile logistics firm has asked the court system to declare a leading frac sand producer insolvent, which would nullify a big service contract. In the legal process, some interesting market data is coming to light… There’s a lot more to this story… Login to see the full update… …
Read More »Preparing For The Next DUC Hunting Season By Dissecting The 50% Drilling Decline Across The Permian
The Permian Basin rig count is down 50% from March, with little variance in the percentage decline between the Midland and Delaware Basins. But the downtrend does vary county by county… There’s a lot more to this story… Login to see the full update… To read this update and receive …
Read More »Here Are The Latest Minimum Crew Counts By Company As We Follow The Frac Fleet To The Bottom
It seems like everyone from Midland to New York that cares about the oilfield market is running their own frac spread count tracker out of their quarantine quarters these days! So how about some factual inputs and validation for your own version of the latest frac action (or lack thereof)? …
Read More »Frac ‘Til May Then Go Away? E&P Budget Exhaustion Comes Early This Year
The chart below visualizes US E&P operator budgets in a very important way… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new to Infill Thinking, or your membership …
Read More »Monday’s Trio Of E&P Shutdown Reports Would Be Shocking If We Weren’t Already So Desensitized To The Violence
Everywhere you look… every report you read… everyone you talk to… it’s is all telling you the same thing these days. Things are mind-numbingly bad in the US oilfield. Far worse than even the most jaded cynics expected when this crisis began. Empty highways in the Permian. Yards full of …
Read More »US Rig Count Is Cut In Half Already. How Low Can It Go? Here’s A Stab At Answering That…
Three land drillers have given rig count guidance for how far their rig counts are expected to fall by the end of 2Q20 so far. While we await the other four or five land drillers we track to report, the sum of rig count guidance so far tells us some …
Read More »7 Things Worth Knowing From US Silica’s Frac Sand Market Outlook
A telling photo from the field as well as 7 quick takeaways from US Silica’s conversation this morning… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new to …
Read More »What Would Texas Oil Proration Look Like? A $1,000 Fine Per Barrel For Non-Compliance Is Part Of It…
We have reviewed a draft of the proration order and share it and something that jumps out at us here… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are …
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