Industry sources tell Infill Thinking that [NAME REDACTED] mine’s first truckloads are rolling out from their new frac sand plant near Monahans as you read this update. Login to see the plant’s name that is shipping and learn exclusive details about the planned ramp up here…. There’s a lot more …
Read More »Latest Thoughts
In-Basin Frac Sand Adoption Is Now In Full Swing, Held Up Only By Availability
We have sorted through 1,000+ pages of E&P conference call transcripts to come up with the most important things customers are saying about frac sand. 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 …
Read More »You Have To Be A Policy Wonk To Predict OCTG Pricing In 2018
A look at the latest import data, trade protection measures, and capacity and pricing commentary from a market leader. 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 …
Read More »5 Important Oilfield Market Takeaways From The Emerge Energy Services Call Monday
On the back of a strong conference call and roughly in-line 4Q17 results, Emerge Energy Services stock traded almost 7% higher yesterday. The following are some of our key takeaways from CEO Rick Shearer and his team’s commentary on the conference calls. These points include the latest progress on San …
Read More »Of Highways, Drivers, Chassis, Engines, And Wheels [Permian Points 3]
Here’s a Tyner Energy Tweet – good follow on Twitter by the way – that will probably resonate with anyone that has i) spent time in the Permian oilfield and also ii) seen the movie Mad Max which features a fantastical fleet of muscle trucks racing around a post-apocalyptic desert. …
Read More »Talk Among US Independents Suggests A Flat Rig Count, With Some Operators Planning Reductions
With the flurry of E&P earnings reports last week came lots of talk about 2018 drilling programs. If we had to boil down all the drilling rig market commentary we heard into a key takeaway, it’d be this: There’s a lot more to this story… Login to see the full …
Read More »DSL Plot Will Thicken As The TCP Is Re-Written
Here lately, the DSL has taken a back seat to other risks like trucking. But now it’s little head is popping up in the sand. Here’s the very latest on this species saga. There’s a lot more to this story… Login to see the full update… To read this update …
Read More »7 Signs That The Handwriting Is On The Wall For Regional Brown Sand
The Texas regional sand plants in Brady TX are very busy today. Right now it’s all hands on deck and regional brown sand plays a very important role in this undersupplied market. But will it still be “all hands on deck” in late-2018 and 2019? We’ve picked up on some …
Read More »Yesterday Wells Froze, Today Rail Cars Are Stuck, Tomorrow It’ll Be R&M, Labor & Trucking [Permian Points 2]
This is our second installment of Permian Points (oilfield service market quick hits) after devoting a full week to boots-on-the ground reconnaissance in the Permian Basin in February (revisit part one here). We met with industry contacts, visited facilities, and made observations from the road. Here are some of our key takeaways, thoughts, …
Read More »US Silica Conference Call Highlights [Live Blog Has Ended]
We live-blogged our notes and thoughts from the US Silica earnings conference call on 2/21/18… 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 …
Read More »Meet The Big, New In-Basin Eagle Ford Frac Sand Plant On The Block [Exclusive Conversation With Company]
We’ve learned exclusive details on the latest Eagle Ford in-basin new entrant after speaking with a company representative about the project. 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 …
Read More »Hi Crush Conference Call Highlights [Live Blog Ended]
This morning we lived blogged the Hi Crush conference call providing Infill Thinking visitors with a real-time bullet point list of takeaways. With the call ended, the live blog is done and here are our final notes from the call: There’s a lot more to this story… Login to see …
Read More »Preferred’s Monahans Frac Sand Plant Is On Track To Open Soon
A couple weeks ago, we had the opportunity to visit the construction site of Preferred Sands Monahans Frac Sand Plant. We met with the company’s president and the Monahans plant manager to learn the latest about this regional sand producer’s plans for West Texas. Here are the key takeaways from …
Read More »A Perfect Sandstorm Has Started A “Run On The Bank” In The US Completions Supply Chain
Last week, first Schlumberger and then Halliburton issued US onshore profit warnings for their completions businesses. Halliburton explicitly cited the frac sand supply crunch caused by railroad downtime as the primary culprit. Since then, we’ve had a chance to catch up with multiple private participants in this market to try …
Read More »Canadian Spring Breakup Arrives Early This Year Amid Depressed AECO Nat Gas Pricing
In this weekly rig and frac spread count update we take a close look at Canadian drilling trends. 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 »Smart Sand Is Still In A Holding Pattern On Permian Plant Construction
This week at an investor conference, Smart Sand discussed their latest thoughts on building an in-basin plant in the Permian. 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 »Just In Case It Hasn’t Crossed Your Desk Yet… A Notable Private Equity / Transload Deal Hit The Wires Thursday
We don’t always post links to press releases, but this deal may not be on everyone’s radar just yet… and it should be, so we are sharing it here… There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »Anyone Remember Guar? The 1Q18 Sand-By-Rail Crisis Is Kinda Like That…
The guar shortage five years ago provides a useful framework for thinking about the latest completions supply chain crisis. 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 …
Read More »Badger Mining’s “Plant Of The Future” Is Forming In The Dunes Of West Texas
Last week, we visited the construction site of Badger Mining Corporation’s new Permian Basin frac sand plant. We toured the location with project manager Dan Koxlien to get a feel for the company’s timeline and future plans. We learned some interesting new details about plant size, last mile logistics, rail potential, coating …
Read More »Silos, Rise! We Happened Upon A Rare Sight In West Texas Last Week… [Photos & Notes From The Road]
When back in West Texas, we always make time to drive slowly up and down the I-20 frontage roads between Midland and Odessa. You’ve gotta keep your head on a swivel to avoid the oncoming traffic using the frequent on/off ramps. But you never know what you might see in …
Read More »A 2nd New Eagle Ford Sand Mine Surfaces In As Many Days…
We examine the news of a second Eagle Ford frac sand mine, the second this week and it’s only Tuesday. 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 »Land Drillers Are Staying Out Of The Newbuild Yards, Focusing On Idle Rig Upgrades Instead
In our weekly rig and frac spread count update this week, we parse through a land driller’s 2018 rig upgrade program to delineate some critical 2018 onshore drilling market trends. There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »Super-Size Me – With Vest Halfway Ramped Up, Black Mountain Ups The Ante Again
We met with Black Mountain’s management team on location in the Permian Basin last week. During our mine tour, we learned exclusive details about the company’s recent operational performance and new objectives for 2018/2019. There’s a lot more to this story… Login to see the full update… To read this …
Read More »E&P Operator Announces A New Vertically Integrated 2mmtpa Frac Sand Mine For The Eagle Ford / Austin Chalk
Here’s what you need to know about the latest frac sand mine. Is this news the beginning of more E&Ps vertically integrating in-basin sand with either purchases of in-basin mines or raw acreage upon which to build? There’s a lot more to this story… Login to see the full update… …
Read More »Universal Starts Pumping In-Basin Sand; Sees E&Ps Testing And Adopting It, Not Rejecting It…
Check out what Patterson-UTI management said about local sand usage 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 has …
Read More »Patterson-UTI Pressure Pumping Update: Mid-Con Mobe-Outs, Capex Treadmill, And Newbuild Abstinence
The very latest on what the 5th largest pressure pumping company in the US is doing to their fleet to try and capitalize on a hot market. The strategy doesn’t involve newbuilds, but it does include some interesting tweaks. There’s a lot more to this story… Login to see the …
Read More »Permian Points Part 1: In-Basin Sand Spot Pricing Discussion & The Race For Seventh Place
In addition to taking it all in from the West Texas roads this week, we’ve met with management at four in-basin sand mines, two OFS firms, and a regional transportation alliance. We also hosted a well-attended reader meetup in Odessa yesterday and have two more frac sand mine visits behind …
Read More »Pioneer The Permian Pure Play: 2018 Capex Will Be 10% Above Adjusted 2017 Spending
We break down Pioneer’s Permian news from yesterday evening. 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 …
Read More »A Permian Door Opens As A Brady Door Closes
Exclusive details about the Brady plant closing and what’s next for its owner. Hint, everything on wheels is headed to the Permian… 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 …
Read More »Ride Along With Us On Day One Of Five In The Sandpatch [Photo Journal]
The sand boom is highly visible out in West Texas. From the silos and dry plants going vertical to the long lines at transload to the boxes parked at every truck stop – frac sand is literally everywhere you look. Oilpatch is an outdated descriptor for the industrial activity going on …
Read More »Key Takeaways From The Petroleum Connection’s 3rd Annual Frac Sand Industry Update
Last Friday, we mixed with 150 attendees at the frac sand industry conference hosted by the Petroleum Connection in Houston. The event was oversubscribed – there was a waiting list of 20+ potential attendees. Here are our key takeaways from the conference. There’s a lot more to this story… Login …
Read More »New Addition To Our Weekly NAM Rig Count Update: The US Frac Spread Count
Infill Thinking readers rely on our weekly rig count update for a series of unique land rig drilling charts and analysis. Going forward, we are adding a new weekly chart to document completions activity trends. Our friends at Primary Vision have agreed to make their weekly US frac spread count …
Read More »In The News & On The Road…
In The News: Infill Thinking Insight Featured In Nationwide NPR Marketplace Broadcast Infill Thinking founder Joseph Triepke was interviewed this week by NPR’s Marketplace for a feature piece on Permian E&P growth. The piece aired from coast to coast on Wednesday January 31, 2018. We invite you to take a …
Read More »Permian Basin SWD Conference Call Takeaways
A few key points we found fascinating on the Permian basin produced water market and SWD situation in this update from a webinar hosted by Digital H2O on Wednesday. There’s a lot more to this story… Login to see the full update… To read this update and receive our research …
Read More »In Basin Sand Trend Jumps Plays, Follows An Infill Thinking Reader Survey Prediction
There’s a new local frac sand mine in the works and it’s important because it marks the spread of the in-basin frac sand rush to a new play – a play our survey last year was very likely to attract new entrants. There’s a lot more to this story… Login …
Read More »5 Quick Hits From The Latest Oilfield Service IPO Filing: More Frac Newbuilds, Follow-Me Rigs, Silica Regs and more…
Diversified oilfield service provider Quintana Energy Services Inc. filed an amended S-1 this week for their $160mm IPO. The company operates a diverse roll up of product service lines consisting of directional drilling, pressure pumping (209k frac HHP), pressure control, and wireline services. From Mid-Con roots, Quintana’s footprint has spread …
Read More »As Eagle Materials Hits Their Commercial Production Ceiling, More Northern White Capacity Is In The Cards
Some key takeaways from the first frac sand supplier report this quarter have read through for the broader frac sand market. 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 …
Read More »Blockchain In The Oilfield Supply Chain. Is It Hype Or The Future? [Discussion Thread]
There’s a lot of buzz about Blockchain these days. At the 2018 Davos gathering this month, Blockchain was all the rage among business elites. Multi-national CEOs praised the record keeping concept for its streamlining advantages, cost cutting potential, and various applications in global supply chains. Will it make a difference …
Read More »Oil Price Strength Will Drive Stealth Budget Increases, If Not Overt Outspending In Shale
We examine one strategy that we think will be a common way for E&P operators to essentially increase spending without appearing to be reacting to higher oil prices this year. There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »Are US Frac Sand Carloads Peaking? Big Rail Execs Eye In-Basin Sand For Both Risks & Opportunities
Along with earnings last week, Union Pacific reported that their minerals volume increased 71% in the quarter, driven by an increase of over 100% in sand shipments due to improving well completions and increased proppant intensity per well. How long will the growth in railed sand shipments last and what …
Read More »Land Rig Pricing Power Returns In 2018 – H&P Is Raising Dayrates [Chart]
The US onshore value chain is firing on all cylinders in 2018. Not to be left out of the double digit inflation completions suppliers expect to enjoy this year, land drilling contractors with super spec rigs are pushing through their own pricing increases. Check out our estimates for H&P’s high spec …
Read More »Within A Week, The Lights Will Be On Above 16mmtpa Of Permian In-Basin Frac Sand Capacity
Things are happening in the Permian basin frac sand story and this is the place to get the latest. 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 …
Read More »RPC Weighed In On All The Key Frac Market Debates This Week. What They Said, And What To Make Of It…
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 …
Read More »Permian In-Basin Frac Sand Plant Operating Trends [4Q17 Charts]
We analyze operating data to establish some initial operating benchmarks as the Permian Basin frac sand suppliers transition from construction mode to production mode. 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 »ELDisruption – E-Logs Are Reverberating Through The Oilfield, And It’s Not Even Hard Enforcement Yet…
Two months before ELD phase-in last year, we called on industry contacts to help illuminate the risk posed to oilfield activity by this new regulation. The results foretold significant adverse impacts in the already tight oilfield hauling business. With ELD phase-in turning one-month old last week, we caught up with many …
Read More »A Permian New Entrant Just Permitted A 2nd West Texas Mine, Pushing The Total Potential Local Plant Count To 24
Get all the details on the Permian’s latest frac sand mine to be announced… 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 …
Read More »Patterson-UTI High Spec Drilling Rig Explodes In Oklahoma, 5 Missing. [Update]
Breaking news of the worst kind out of southeastern Oklahoma. 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 …
Read More »Here’s A Look At The Shrinking Rig/Frac Spread Ratio That Halliburton Mentioned Monday Morning
On Monday morning, Halliburton discussed shrinkage in the ratio of drilling rigs to frac spreads in the US market. In our weekly rig count update, we quantify the trend with a chart and discuss its implications. There’s a lot more to this story… Login to see the full update… To …
Read More »Halliburton Has Begun Building Frac Horsepower And Hinted That Frac Sand Pricing Peaked In 4Q17
Here are our key takeaways in terms of general oilfield service market insights from the Halliburton conference call on Monday morning. 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 …
Read More »Schlumberger Talks US Frac Fleet Growth, US Onshore Bottlenecks, And International Outlook
In our view, here are the ten most important things Schlumberger said about the OFS market outlook on their 4Q17 conference call on Friday. This update breaks down the 1-hour plus SLB call into a 5-minute read. There’s a lot more to this story… Login to see the full update… To …
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