One week ago, a 5.0 magnitude earthquake rocked the state-line area of Texas / New Mexico. The strongest in the area since 2017, it was reportedly felt by thousands as far away as Odessa. Quakes often lead to hasty and uninformed conclusions about causes involving oilfield activity. Today’s guest post …
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A Dystopian 2020 US Oilfield. Day-By-Day E&P Budget Cuts & A Look Ahead… [Chart Of The Day]
This piece charts the capex cuts daily so far in what can only be described as a historic, no dystopian, E&P crisis response. We also discuss what happens next with capex spending and frac crew releases and the bigger picture… There’s a lot more to this story… Login to see …
Read More »With The Rig Count Now In Free-Fall, Here Is Some Downcycle Context
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 has expired, please email us to discuss our current subscription options at [email protected]. (Current …
Read More »Be Thankful I Don’t Take It All ‘Cause I’m the Taxman [Friday Guest Post]
While you fight for the survival of your business, the assessor is doing his/her job and preparing notices of property assessments. Those assessment notices will reflect the idyllic conditions back on January 1, 2020. There’s a lot more to this story… Login to see the full update… To read this …
Read More »E&Ps Are Hardstopping US Oilfield Activity [Voice Of The Industry Survey From The Past 7 Surreal Days]
Here’s what we heard during phone calls with many of our oilfield contacts over the past 7 days: 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 »The Leading US Land Rig Contractor Reacts As The Drilling Nosedive Begins
Friday March 20, 2020 is the day the land rig count collapse began. Last Friday, rig count was down 20 units with the Permian leading the way down (-10 rigs). Here’s what the market leader said in reaction to the beginning of this unprecedented crash…. There’s a lot more to …
Read More »Tallying Up The Known Frac Crew Releases For The Public E&Ps
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 has expired, please email us to discuss our current subscription options at [email protected]. (Current …
Read More »Insuring The Frac Supply Chain’s Last Mile In A World Of Nuclear Verdicts And Vicarious Liability [Friday Guest Post]
Earlier this week, another trucking company’s nuclear verdict made headlines, this one outside of the frac sand hauling industry but notable none-the-less. While definitions can vary, a “nuclear verdict” is generally thought of as a jury award where the penalty exceeds $10 million. Nuclear verdicts have driven insurance premiums for …
Read More »For The US Land Rig Count, It’s The Calm Before The 100-Year Storm [Weekly Rig Count]
The Baker Hughes US land rig count on Friday (+3) did not yet reflect the releases that operators are planning. Calm before the storm? Here’s everyone that’s disclosed plans to release rigs…. There’s a lot more to this story… Login to see the full update… To read this update and …
Read More »Seems Impossible, But Things Got Worse Between Black Monday & Friday The Thirteenth [Notes From The Field]
As last week wore on, we had hoped it would get better. It did not. We had also hoped that our initial concern expressed on Tuesday was overstated when we wrote then that the swiftest shale pullback in history could be imminent. It was not. As the week wore on, …
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