Infill Thinking Lifting the O&G knowledge curve

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 Oilpatch is an outdated descriptor for the industrial activity going on …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Who’s looking to get in on the hydraulic fracturing boom? We discuss in this update. 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 …

For over a year, we’ve heard all the reasons why the 23 planned in-basin sand frac sand mines in West Texas won’t get built (or why they will be delayed into perpetuity). We submit the conversation needs to change from construction risk to production risk. It’s time to change the …

We had a chance to speak with this private new entrant’s management team and received an advance exclusive on news the company will be releasing to the broader market next week. All the details about this new in-basin sand plant’s startup are in the full article. There’s a lot more …

Here’s the very latest on the 4mmtpa Black Mountain frac sand plant that is scheduled to start up this month. 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 …

A couple weeks into 2018, the hottest basin in the US is already pulling out ahead as the leader in horizontal rig count growth. This is a trend likely to continue as this play further separates itself from the pack as the hottest play in the US this year. So …

Ironically, all the recent talk of restraint by tight oil operators is a contributing factor to the recent crude oil price rally. In turn, rising oil prices will put to the test this newfound US operator resolve to reign in the willy nilly spending of prior upcycles. With WTI an …

Late Friday afternoon, Vista Proppants and Logistics formally announced their intent to go public. The Vista S-1 is packed with interesting revelations. If you don’t have several hours to pore over its 278 pages, here are our CliffsNotes: There’s a lot more to this story… Login to see the full …

We’ve got videos of West Texas sandstorms this week as well as thoughts on what the wind gusts mean for in basin frac sand. Spoiler alert – this is a significant and underappreciated risk and we explain why in this update… There’s a lot more to this story… Login to …

Since New Year’s Day, ~40 fresh IR decks have hit the wires from the O&G industry… and that doesn’t even include downstream or midstream. The presentation dump came ahead of the year’s first significant O&G investor conference this week. We have cherry-picked the following datapoints with 2018 implications from public …

In the chart below, we’ve attempted to quantify a relatively opaque, highly competitive, and rapidly evolving last mile market segment – well-site frac sand handling and storage. As completion intensity exploded over the past few years, frac sand handling at the well-site just before it enters the blender and is …

News of another Permian frac sand plant is starting to make the rounds this week. We had a chance to catch up with the company’s president by phone to hear exclusive details about the growth plans. There’s a lot more to this story… Login to see the full update…  To …

  In this update we take a look at market share among the leading land drilling contractors. Starting with winners and losers from 2017, we then look at present share and future market share strategies for the group. In what may be a flattish rig count environment in 2018, the …

After recent requests from subscribers, we’ve refreshed several different looks at the West Texas frac sand scene. Subscribers are able to download maps in pdf form. 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 …

Well, the new year isn’t wasting any time pushing a steady stream of oilfield datapoints across our desk. Although we could easily write a full update on each of these, some of these items fall outside our typical research update scope. So we bundled the quick hits that we found …

A year from now, 20 new Permian frac sand mines could be operational if all build-out plans unfold as expected. Many risks linger in this story, particularly surety of supply at the wellhead and downhole performance. But let’s imagine for a moment a future world where the West Texas frac sand …

We have seen some recent market commentary interpreting a lackluster Permian rig count response to the 4Q17 oil price rally as evidence of a change in E&P behavior or appetite for Permian development. We do not believe this interpretation is accurate.  In this update, see what we believe are the real …

The OneStim JV between Schlumberger and Weatherford contemplated in March of 2017 has broken apart. Instead, Weatherford sold off its idled pressure pumping business to Schlumberger. What does this mean for the players and the market? We have some thoughts here… There’s a lot more to this story… Login to …

The explosion of new industrial (silica) sand mining and processing operations in west Texas suggests the need for a review of one of the oldest known occupational diseases, silicosis, and the strategies that sand mining and processing operations can adopt to prevent the development of silicosis among their respective employees. …

We believe the following 20 questions encapsulate the transcendent themes facing the US oilfield service market during 2018. These are not in any particular order. We have included plenty of context and background for each question, but we stopped short of answering them. As the new year begins, so much can still …

Infill Thinking Holiday Cheer For Christmas 2017: http://www.infillthinking.com/wp-content/uploads/2017/12/Twas-the-Frac-Before-Christmas.mp3 Lyrics: ‘Twas the frac before Christmas, when all around the well Not a frac hand was stirring, or even a DSL; The frac sand was late, stored at transload with care, In hopes that a pneumatic trailer soon would be there. The …

On Wednesday afternoon this week, we had a chance to touch base with ProFrac executives to learn about their ambitious 2018 growth plan. Infill Thinking spoke by phone with Ladd Wilks and Matt Wilks – Chief Executive Officer and Chief Financial Officer of ProFrac, respectively. Here’s what we learned… There’s a …

This year, we’ve found it helpful to keep an eye on the frac spread count (FSC) maintained by Primary Vision, Inc. So we called our friend Matt Johnson, a principal at the data firm that maintains the FSC, to learn more about how this metric came to be and the methodology behind …

Subscribers will relive a lively year of action by seeing the top research updates Infill Thinking published this year. We also revisit the amazing guest posts shared by 21 contributing subscribers this year. Our readers are the smartest in the business! There’s a lot more to this story… Login to …

Just a heads up that a new thread has been started by William Edwards over in the Infill Thinking discussion forum. In the thread, William thinks about how a recent change in the Cushing WTI specs will impact Canadian prices and ultimately world crude oil prices. Spoiler alert – it’s not …

Big news in the Permian Basin local sands story from a player that has remained under the radar. This will have everyone talking today… 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 …

As the year draws to a close, here’s a look around the nation at the hottest onshore drilling basins and how they stack up this year on activity growth. Also included is a discussion of how the actual overall trend in US drilling compares to expectations a year ago and …

Well, after all the outcry leading up to mandate day, did anyone really expect a smooth start? On Monday December 18, soft enforcement of the new electronic logging device (ELD) rules began. We discuss what happened when shifts began in this new era and what it may mean for the …

In July, we wrote about the risk of hidden delays for trucks carrying locally sourced frac sand from new plants direct to wells, noting that some challenges are impossible to understand by simply looking at a map. These are things like stop lights, rail crossings, road quality, school zones, left …

Water sourcing comes up often in our conversations with all sorts of different Permian Basin oilfield participants these days. Extreme thirst is the tight oil industry’s open secret – sourcing is more opaque than supply chain elements like rigs, horsepower, pipe and sand. We quantify surging water use in West …