Tag Archives: drilling

US tight oil activity continues to recover in a global vacuum. Since the US rig count bottomed in May 2016, international onshore drilling is essentially flat and offshore activity is down 14%. How much longer will this be the case? We share some important charts and describe how the outlook has …

In our previous weekly rig count update, we noted that Permian growth has been slowing and provided some thinking as to why. This week, Lower 48 drilling surged, printing its best weekly gain since January. But the Permian was notably absent from the party. We’ve got charts, stats and analysis on …

Unconventional drilling in the Permian’s Midland and Delaware Basins has been increasing at a breakneck pace since 4Q16. Horizontal rigs going back to work on Midland and Delaware formations alone account for 1/3rd of the total increase in Lower 48 rig count since September 30, 2016. Over the past five weeks or …

On March 7, National Public Radio addressed the Permian Basin’s explosive growth in a broadcast airing across 900 US radio stations. Infill Thinking founder Joseph Triepke spoke with NPR for the piece, sharing industry insider perspective on West Texas drilling and frac’ing. While we gave a nod to the recovery, we …

Depending on the oilfield service or product line, we’ve heard of price increases of anywhere from 5% to 40% pushed through just in the past few months alone. As service companies look for new angles to justify higher list prices, they are increasingly pointing a finger at the labor pool. …

Supply chain inflation is a trending topic in O&G. One of the biggest debates in the oilfield today centers around the sustainability of the cost reductions E&Ps achieved during the downturn. How much was lasting process change and innovation vs. temporary supply chain price concessions? E&Ps will be far more …

Late-last year, we introduced our Shale Executive Sentiment Index to try and gauge how management teams from drilling to service to E&P were thinking about growth in 2017. We were able to measure sentiment by quantifying the frequency of references to growth as shale executives spoke to investors. At the time …

We are all talking about the Permian Basin a ton these days. But is this too general now? As the entire industry descends on the region, it has bifurcated into two distinct geo-markets from a surface perspective… There’s a lot more to this story… Login to see the full update…  To read …

On Wednesday afternoon, Weatherford announced that a new alliance has been formed with Nabors Industries to integrate drilling rigs and services in the US land market. This new service model is something Schlumberger has been talking about and working on for several years now. In this update, we offer our take …

The US onshore rig count increased another 19  rigs to 689 running last week. All of this activity coming back means rigs are being moved out of the yards and into the field. This creates a veritable boom for rig movers. We uncovered some proprietary market intelligence on rig moves …