The big public frac sand suppliers (companies like Hi-Crush, US Silica, Fairmount Santrol, and Smart Sand) will be closely watched when they report earnings this quarter. Expectations for increased proppant demand are high as the US shale industry gets back to work. But Big Sand won’t be talking about their own …
Read More »Halliburton Is Reactivating Frac Spreads For A Pretty Penny
Halliburton’s strategy for 2017 is shifting, and the company will have a whole different M.O. this year. Jeff Miller, Halliburton President expressed his feelings about the new year this way: “in many ways, 2016 was like a bar room brawl where everyone, and I mean everyone, took a punch. But …
Read More »Two Operators Mashed Their Gas Pedals In The Permian This Week [Bullet Points]
News from Parsley Energy and SM Energy on Tuesday continued the Great Permian Migration trend this week. We break down the news into the most important incremental bullet points and provide a few words on the bigger picture trend in the Permian. By the way, if you are looking to …
Read More »5 Questions We Hope Weatherford’s New CEO Answers On February 2nd
On February 2, Weatherford’s new CEO Krishna Shivram will talk to investors for the first time as the boss of the company. He’s got some work to do. The market will be looking for a restoration of confidence. That means Krishna needs to have a story for the new Weatherford …
Read More »E&P In A Nano-Darcy World – A Brute Force Enterprise Finding Elegance
On a conference call in 2011, the always eloquent Clay Williams of National Oilwell Varco (then CFO, now CEO) said: The unconventional shale model is utterly unlike drilling a generation ago, which saw fleeting glimpses of precious darcy reservoir rock here or there, elusive four-way closure, a rare and fortuitous geologic …
Read More »Here Come The Guidance Raises In Oilfield Services
In an interim update posted this morning, oilfield chemical supplier Flotek positively revised its outlook to account for a more constructive US drilling and completions market as 2016 winds down. Last week we wrote about how the consensus 4Q slump is a no show this year. Flotek’s announcement provides confirmation and …
Read More »The O&G Job Creation Engine Is Firing Again
In the US, the O&G industry has begun to hire staff again for the first time in two years. We snapped this encouraging photo in front of a Halliburton completions yard while touring the Permian Basin in early-December. Source: InfillThinking.com Given what we know about the ongoing recovery and a …
Read More »FRAC IPOs Return… Literally. Meet The Next Public Completions Outfit
Frac IPOs are back. We mean that literally because the company about to make its public debut will trade under the ticker FRAC. This week, Keane Group Inc., owner of the 7th largest US frac fleet and employer of 1,251, filed an S-1 for a potential IPO. The company is …
Read More »On OPEC Day, US Operators Focused On Making Better Wells Instead
While the rest of the world focused on OPEC on November 30, US operators were focused on making their tight oil wells more effective with cutting edge innovation. We spent OPEC day in Houston with 35 senior US completions executives at the Darcy Completions Forum, squarely focused on emerging technologies …
Read More »The New Weatherford CEO Won’t Frac For Free. So Will He Take One Million Horsepower Off The Market?
The new Weatherford CEO is reportedly in the process of undoing his predecessor’s hydraulic fracturing business plan. If what we’ve been told by industry contacts is true, Krishna Shivram (pictured left) is throttling back frac operations in dramatic fashion. This would be the second big move he’s made in three weeks at the …
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