Quick Thoughts

The picture you’ll find in this update might just become the iconic shot that defines this downturn – similar to those stacked rigs in that H&P yard off Business 20 in North Odessa in the last downturn… There’s a lot more to this story… Login to see the full update…  …

In the company’s press release Thursday evening, Solaris said that activity could decline by 75% to 85% sequentially in the second quarter. This is in line with Infill Thinking predictions for US frac activity declines made here about three weeks ago. This deep activity cut prediction is also supported by …

Following the Halliburton call on Monday, we’ve heard from three more management teams this week that have no visibility on the oilfield service market outlook in 2020. That said, two of these three did say some pretty interesting things about the current market climate in the Lower 48 oilpatch. Here …

You’ve gotta see this chart to believe it. Consider our minds blown. 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 …

This morning at 8am central, Halliburton will host their 1Q20 earnings call. Needless to say, their remarks on challenging Lower 48 business conditions will be closely watched. While outlook / guidance could be light since visibility is limited, we expect some good color on current market conditions to come from …

Towards the end of Q&A during today’s call, came perhaps the most interesting thing that management said about the US market all morning. Specifically, Schlumberger was asked where the US frac fleet count might bottom. Management used the opportunity presented by this question to refute some of the doomsday frac …

Here are the E&Ps that have publicly announced cuts in the wake of the Sunday, March 8, oil market collapse…. 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 …

This morning comes official news of the first in-basin Permian sand mine closure since Black Monday. This may be the first official Permian closure in the pandemic era, but it a) won’t be the last and b) might not be the actual first. Here’s what we are watching as the frac sand demand destruction situation …

A desperate bid by two Permian operators to put a floor under the price of oil and stabilize and save the US E&P industry… 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 …

We track Xmmtpa of frac sand production capacity online in the MidCon today. We now believe that frac sand demand could sink south of Xmmtpa on an annual run rate as mid-year approaches. Here’s how local plants are reacting… There’s a lot more to this story… Login to see the …