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 …
Read More »Most US Land Drillers Agree That Rig Count Will Be Flat Or A Smidge Higher Near-Term
In our latest US onshore rig count forecast (updated in April), we estimated that active drilling rigs would peak at 950 units this year. As we stand today with 934 rigs turning to the right, our prediction leaves only ~16 rig additions left until hitting a US drilling plateau in …
Read More »Land Drillers Will Keep Newbuilding Without Building New – Super-Spec Premium Compression Looms Large
The combination of greater per rig retrofit investments and expanding inventory of upgrade candidates is the equivalent of newbuilding without building new. This kind of spending invites a whole crowd of previously shunned rigs into the exclusive super-spec club. There’s a lot more to this story… Login to see the full …
Read More »EnerVest Tries To Reassure Its Riled Supply Chain After WSJ Hit Piece [Email & Counterparty List]
The Wall Street Journal knows how to title a hit piece. After their article saying EnerVest is worthless, the company is scrambling to reassure its fearful supply chain. See who works for the operator and read EnerVest’s crisis management response in this update. There’s a lot more to this story… …
Read More »What’s Next For Devon After A Record-Setting STACK Well? Watch Showboat Spud [Follow The Leaders]
Record setting STACK well results announced by Devon on Tuesday morning bode well for what the operator has planned next – a transition to full field, multi-zone manufacturing starting at a nearby location. We share our cliff notes on Devon’s pivotal Showboat project, which spuds imminently. There’s a lot more …
Read More »The Reconstruction Of The Jackup Market [Guest Post]
Deepwater attracts most of the attention paid to offshore drilling, but shallow water rig demand has improved recently stirring up some hope that perhaps the jackup segment may offer better relative recovery prospects offshore. We asked Infill Thinking subscriber Liz Tysall (a Senior Rystad Energy Analyst who has been following …
Read More »How Far Can Shale Grow On Run Flat Tires?
E&P transcripts we’ve seen from recent investor conferences have been pretty upbeat all things considered. Why? Oil prices are sub-$45 and under pressure. Well, shale has some tricks up its sleeve that allow it to keep going, and we break them down here. There’s a lot more to this story… …
Read More »Henry Ford Didn’t Build A Faster Horse And Neither Should You – 3 Big Data Mistakes The Oilfield Keeps Making [Guest Post]
The big data hype machine can be powerful, and it’s tempting to believe that building and maintaining an effective analytic capability is effortless, with limitless benefits. Today, every company in the oilfield is in the midst of a tech / big data / automation overhaul. In this guest post, Steve …
Read More »DUCs Have Built A Nice Tailwind For 2H17 Frac Demand. The Permian Stands Head And Shoulders Above The Rest [6 Charts]
We don’t take the EIA data on completions and DUCs (drilled but uncompleted wells) at face value. But we do look at their work for directional trends on DUCs, which can be a good leading indicator for trends in frac horsepower demand. In this update, you’ll find our analysis of this week’s …
Read More »Payback’s A Rig. US/Saudi Drilling Reversal Continues, Bodes Well For OPEC Quota Compliance
A dramatic run up in the Saudi Arabian rig count preceded the OPEC November 2014 decision to become a price taker and defend market share. This of course triggered the biggest collapse in US drilling history. The decision to extend OPEC quotas in May was in fact predicted by just …
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