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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These E&Ps Haven’t Publicly Quantified 2020 Crisis Capex Cuts Yet [Budget Revision Watch List]
As 1Q20 E&P earnings season gets under way, there are just a handful of US E&P operators that haven’t publicly disclosed how much they’ll cut their 2020 spending programs in the wake of the crisis. There are some common traits shared by some of these companies including… a) gas exposure …
Read More »Oilfield Workforce Contraction Is 3x Deeper Than Last Downcycle Per This Metric [Depressing Chart Of The Day]
This chart is gut wrenching, and we haven’t even gotten into May and June yet, which could be even worse. Our hearts ache with the impacted oilfield workers (and their families) that make all the stuff we love to write about happen. There’s a lot more to this story… Login …
Read More »Parked. An Estimation Of W TX Frac Crew Decimation
How bad is the frac drought getting out in the Permian Basin? We discuss… 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 …
Read More »No Skid Marks – Straight Down And To The Right
We are currently in the throes of the sharpest rig count contraction in history, and we expect the next several weeks to register continued large drops as the US land rig count is likely to fall sub-200. There’s a lot more to this story… Login to see the full update… …
Read More »There Is A Bright Spot In The Gloomy Lower 48 Oilpatch [Chart Of The Day + Macro Thesis Highlights]
“Give me some good news for a change,” you say? Our pleasure! Here is a chart you cannot miss because it’s all anyone’s going to be talking about as tight oil gets shut in. There’s a lot more to this story… Login to see the full update… To read this …
Read More »Paycheck Protection In The Oilfield [Chart Of The Day]
The US government has approved two rounds of “Paycheck Protection Program” (PPP) funding totaling nearly $700bn. The program offers partially forgivable loans of up to $10mm for companies with 500 or less employees. The funds are trickling into the oilfield, and rightly so. Here’s a look at the energy companies …
Read More »Forget Frac. EVERYONE Is Talking Storage & Shut-ins
We checked in with a whole bunch of our oilfield service and E&P contacts this week. What we heard from them sure sounds like complete capitulation in the oilfield market. The bottom is coming into focus. Here’s what folks we talk to are saying… There’s a lot more to this …
Read More »A Look Way Back In Time To The Good Old Days… Early-2020 [Top Ten 1Q20 Updates]
By The Stats – Membership Resources Provided During 1Q20 In the 90 days ended March 31, 2020, the Infill Thinking research team: published 86 independent research updates, emailed 25 original Infill Thoughts newsletters to active members, issued 14 data releases to Think Sheets® members, got in one last great member meetup …
Read More »Oil May Be In The Gutter, But Gas Is Good! A Look At Bifurcating Rig Fortunes In The Crash
On an historic Monday when the WTI front month contract fell more than 300% into negative territory, natural gas spot prices were up 10%! Here’s a look at bifurcating fortunes by basin focus… There’s a lot more to this story… Login to see the full update… To read this update …
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