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… …
Read More »Quick Thoughts
Market Intel Takeaways From The Solaris Conference Call As Wellsite Storage Systems Stack Up [Live Blog Complete + Photos From The Field]
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 …
Read More »Even Blenders Are Working Remotely These Days… [This Week’s OFS Conference Call Takeaways]
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 …
Read More »As Bad As Paper Oil Prices Got On Monday, The Real Spot Bid Got Worse [Chart Of The Day]
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 …
Read More »Halliburton Will Not Chase Market Share In The Frac Crash [Live Analysis Of Big Red’s Latest Thinking On The Lower 48]
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 …
Read More »Schlumberger Estimates 100+ US Frac Crews Will Still Be Active At The Bottom [Live Blog Complete]
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 …
Read More »A 2nd Round Of Negative Revisions Well Underway As E&P Spending Cuts Now Top $25 Billion [Real-Time NAM E&P Capex Budget Monitor]
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 …
Read More »Permian In-Basin Frac Sand Mine Closures Officially Begin. Here’s Who To Watch In The Next Wave Of Local Sand Capacity Reduction
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 …
Read More »Two Permian E&Ps Call On TX RRC To Limit Oil Production While Echoing Infill Thinking’s Sub-$10 WTI Prediction
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 …
Read More »MidCon Local Frac Sand Capacity Is Contracting Rapidly [Exclusive]
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 …
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