Infill Thinking Lifting the O&G knowledge curve
Permian pressure pumper RPC Inc. and their 21 fleets (925k horsepower) have had a rough week. After the company reported a q/q revenue drop of 9.3% for 4Q, the stock is down 15%.
During the conference call, the company addressed what we see as most of the key debates in the pressure pumping market today: newbuilds, in-basin sand, direct sourcing, contracting strategy, workforce, trucking, pricing and job size trends. Yep, it was an eventful call…
Here are our thoughts on market implications from the company’s perspectives:
There’s a lot more to this story…
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