Infill Thinking Lifting the O&G knowledge curve

An update earlier this week summarized some key quotes from the panels on in-basin and northern white sand at the largest completions supply chain event of the year. In this update are similar recaps of some of the more poignant statements from two other panels at the event… There’s a …

Rig count. Yep… it’s down again. It’s been X weeks since the US onshore rig count registered an uptick. Year-to-date, the US onshore rig count is down X rigs. As the unyielding drilling decline continues, it’s worth noting how… There’s a lot more to this story… Login to see the …

Everyone knows that you often learn just as much in the side hallways of industry events as you do in the main hall. In that vein, here are 5 interesting things that we learned in conversations with industry contacts at the event. These are pretty dense and provide plenty of …

Last week, we published a research update discussing why produced water reuse as frac fluid is on the rise and what factors might drive the next leg up in the treated water trend in fracing. The catalyst for that piece was a research project our team was conducting to update …

Last week’s three-day Petroleum Connection was the biggest event of the year in the frac sand supply and logistics industry, drawing over 500 attendees and the who’s who of the completions supply chain. The agenda was well constructed, and we tip our hats to the conference organizers for their thoughtful …

Infill Thinking participated in the Petroleum Connection’s frac sand conference in San Antonio this week. We will share a full recap of our key takeaway in a piece early next week – we learned quite a bit on the sidelines of the show as well as during several of the …

A good, quality, upstanding outfit just exited stage left. While industry-wide capacity reductions are needed, we see this news as a bad omen for the industry at large… There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, …

The Infill Thinking team has arrived in San Antonio to participate in the biggest (and best) frac supply chain trade show of 2019, hosted by Petroleum Connection. Infill Thinking is pleased to announce our participation as an exhibitor, panel speaker, and as event MC for the first day of the …

This chain of events may end quietly with little fanfare and that’d be great. But we’ll be keeping an eye out for additional filings here as it’s not every day we see this much action on the legal disclosure front… There’s a lot more to this story… Login to see …

We first learned that Wood Mackenzie had conducted an independent study on the performance of local sand downhole in a tweet from Robert Clarke, the firm’s Lower 48 upstream research director who some of you may have met at our recent member meetup in Fort Worth. Respecting Robert and Wood …

Over the past 24 months, several driving forces have advanced the upstream industry mindset on water recycling, causing reuse to rise sharply. But there’s still plenty of room to grow, and we take a look at why, where things stand now, and what’s next in water recycling. If you are …

Last week during our Eagle Ford market intel gathering trip (see big picture highlights here), we stopped by the Monarch Silica frac sand production facility situated about 20 miles due south of San Antonio. In our meeting with management at the location we learned that… There’s a lot more to …

This week, a very large carrier that hauls frac sand sent an important letter to customers. This has big market implications for the frac supply chain. In the letter, the company’s president…. There’s a lot more to this story… Login to see the full update…  To read this update and …

In South Texas last week, we drove out to 13 local mines and 1 rail terminal. We went behind the gate with management teams for discussion and site visits at about half those locations. It was a busy couple days! Starting today, you’ll find the market intelligence we’ve gathered shared …

On the heels of yet another combination of public E&P operators this morning (PDC Energy and SRC Energy), we spent some time thinking about the expansion, peak and contraction of the public E&P universe. There’s a lot more to this story… Login to see the full update…  To read this …

Analysis of the deep cuts in drilling activity across multiple basins last  week… 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 …

There were three notable transactions in oilfield water management this week. In two of them, a new buzzword emerged that we like and think could stick as the roll-up of legacy E&P oilfield water systems by third-party water midstream firms continues… There’s a lot more to this story… Login to …

We welcomed about 40 Infill Thinking subscribers for coffee, knowledge sharing, and networking on Wednesday in Fort Worth. This was the 16th reader appreciation event we’ve hosted in the past 2.5 years. Thanks to our highly engaged members, these events keep getting bigger and better. We also met with various …

The Delaware Basin is the epicenter of the oilfield water revolution for several reasons including its concentration of unconventional activity and high water cuts relative to other plays in Texas and the Lower 48. As a result… There’s a lot more to this story… Login to see the full update…  …

The rate of positive growth in Permian drilling activity began to slow down in mid-2017. It stagnated in 2018. And it has faded into contraction in 2019. Over this period, the relationship between… There’s a lot more to this story… Login to see the full update…  To read this update …

We provide an update on a northern Delaware Basin water behemoth, which was created through M&A this May. 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 …

We may be wrapping up our Utah frac sand spotlight series today, but our coverage of this emerging local sand market doesn’t end here. We’ll be reporting on the local sand story in Utah as first shipments begin later this year, reporting on adoption trends, competitive dynamics, quality, surety of …

Calling all DFW-area Infill Thinking members: we’d like to buy you a mid-morning coffee, shake your hand and chat oilfield trends with you. We look forward to networking with Infill Thinking members over coffee in Downtown Fort Worth in mid-August (this event is included with your membership). There’s a lot …

As we write, a brand new wellsite storage system is on the road making its journey towards a West Texas where it will attract quite a few spectators over the next few weeks. It’s arrival in the Basin tomorrow will mark the first time this system has entered the Texas …

After updating our company-by-company E&P capex model this week, we’ve concluded that… 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 …

Back in the heyday of the Permian local frac sand boom (2017), Infill Thinking was breaking news about an incremental Permian frac sand plant once a week it seemed. With the Permian now oversupplied, all’s been quiet on the greenfield construction front for the past year. Here lately, we’ve been …

One day, we’ll all be able to tell our grandkids “I was there when contractors couldn’t put rigs back to work for free.” US onshore operators have lost their appetite for growth so much so that… There’s a lot more to this story… Login to see the full update…  To …

In an exclusive series of updates over the past couple of weeks, we have been analyzing frac sand market conditions in the often overlooked Utah completions market where big changes are happening in the supply stack. In this third installment of the series, we shine a spotlight on one new …

After about the sixth management team this earnings season said “we are focused on what we can control” we decided to spend a little time thinking about… There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, you …

The latest operator commentary on frac sand continues to underscore local sand adoption and cost savings – themes that have been consistent on E&P calls since early-last year. However, this may be one of the final earnings seasons where we see… There’s a lot more to this story… Login to …

The universe of publicly traded shale oilfield water companies is small (for now). But the universe of companies with material oilfield water handling exposure is… 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 …

17 photographs of physical operations appear in the new Hi-Crush slide deck released alongside their earnings report on Tuesday evening. 10 of these images depict… 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 …

In a research update last week, we shared exclusive details on the local frac sand production scene in the state of Utah. In the second installment of our three-part series on local sand in the Uinta Basin, we discuss proppant demand and logistics in this unique completions market. There’s a …

Nabors recently released the 2Q results from its quarterly customer survey. In this update we examine how their results compared with several operator surveys and studies we conducted in May and July… There’s a lot more to this story… Login to see the full update…  To read this update and …

We’ve seen plenty of E&P divestitures of water midstream assets to third-party water pure-plays over the past 12 months. But oilfield service firms can also benefit from… There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, you …

We highlight the most important sustainability developments disclosed by operators, including several “firsts” for the industry. For many years, EOG has been the industry leader in completion design, technology and reservoir exploitation. Now they are leading the charge on a new front for operators as well: “going green….” There’s a …

There is already a veritable flood of pressure pumper and operator earnings coverage making the rounds from other analysts and publishers this week. So we focused here on sharing 11 bite-sized pieces of market intel (including a mix of datapoints and our own thoughts on the market) that are a …

At this publication, we tend to steer clear of “stock talk.” As regular readers know, our focus instead is getting deep into the weeds on corporate strategy, industry trends and the people that drive this industry forward. Furthermore, our staff does not personally invest in or trade individual stocks in …

The larger two deals of the three involve E&P operators handing off a portion of their water management operations to third-party midstream companies. This is a critically important sub-theme in water M&A, which we’ve addressed in many updates this year. Check out more analysis of each deal in this update, …

In our regular weekly rig count update, we highlight some recent commentary from two leading land drillers on market trends in the Lower 48 rig market. This commentary confirms two recent Infill Thinking exclusive reports… There’s a lot more to this story… Login to see the full update…  To read …

Boxes vs. pneumatics? It’s a long standing argument. Even without that competitive dynamic, it’s been tough in the sand hauling business with rates under pressure for the past 12-24 months. Here’s the latest datapoint we’ve picked up with implications for the frac sand hauling market… There’s a lot more to …

US Silica press released strong 2Q19 results this morning. We highlight 5 items from the press release that caught our attention. We also share what we’ll be listening for on this morning’s call and will add conference call analysis to this update later today… There’s a lot more to this …

Utah local sand is coming.  It’s coming faster than some folks might think. So we applied our kind of mining to the situation: data mining, public records mining, and interviewing regional contacts to learn more about the situation. Here’s what we know at this point in part one of an …

Boiling down everything that’s crossed our desk this week to just the following 12 items of import wasn’t easy. After the typical summer lull in news flow, it feels like folks are getting back to work in the oilfield business. School is about to start, folks are returning from summer …

Some savvy Infill Thinking members requested that we provide our Summer Survey results limited to only include E&P operator responses. It’s a good idea, and one that triggered our own intellectual curiosity. So we crunched the numbers and in the charts below, you will see……. There’s a lot more to …

We recently surveyed the Infill Thinking membership on the outlook for 2H19 and 2020. Our 20 survey questions addressed big picture upstream themes, frac sand, and completions trends. We’d like to extend a big thank you to the many participants who weighed in from across the upstream value chain – …

3 wrinkles in Halliburton’s earnings call commentary yesterday went underappreciated in the myriad of conference call coverage available elsewhere… Here’s three notable nuances that caught our attention. There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, you …

US land drilling has slide downward all year. While that’s likely no surprise to readers of this publication, it may be a bit surprising to some to see the unyielding slide shown in this zoomed-in look at the 2019 weekly progression in drilling activity. There’s a lot more to this story… …

It was a busy Monday for e-frac news, as a flurry of datapoints advancing the narrative in this new trend caught our eye. And it’s possible that buried in this flurry of news is… There’s a lot more to this story… Login to see the full update…  To read this …

An important E&P capex update this week reads distinctly negative for anyone hoping for an oilfield spending increase in 2020. Here’s the relevant excerpt: 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 …