It seems like everyone from Midland to New York that cares about the oilfield market is running their own frac spread count tracker out of their quarantine quarters these days! So how about some factual inputs and validation for your own version of the latest frac action (or lack thereof)? …
Read More »Monday’s Trio Of E&P Shutdown Reports Would Be Shocking If We Weren’t Already So Desensitized To The Violence
Everywhere you look… every report you read… everyone you talk to… it’s is all telling you the same thing these days. Things are mind-numbingly bad in the US oilfield. Far worse than even the most jaded cynics expected when this crisis began. Empty highways in the Permian. Yards full of …
Read More »Even Blenders Are Working Remotely These Days… [This Week’s OFS Conference Call Takeaways]
Following the Halliburton call on Monday, we’ve heard from three more management teams this week that have no visibility on the oilfield service market outlook in 2020. That said, two of these three did say some pretty interesting things about the current market climate in the Lower 48 oilpatch. Here …
Read More »Halliburton Will Not Chase Market Share In The Frac Crash [Live Analysis Of Big Red’s Latest Thinking On The Lower 48]
This morning at 8am central, Halliburton will host their 1Q20 earnings call. Needless to say, their remarks on challenging Lower 48 business conditions will be closely watched. While outlook / guidance could be light since visibility is limited, we expect some good color on current market conditions to come from …
Read More »Schlumberger Estimates 100+ US Frac Crews Will Still Be Active At The Bottom [Live Blog Complete]
Towards the end of Q&A during today’s call, came perhaps the most interesting thing that management said about the US market all morning. Specifically, Schlumberger was asked where the US frac fleet count might bottom. Management used the opportunity presented by this question to refute some of the doomsday frac …
Read More »Halliburton Has Sold 1/5th Of Their Frac Fleet “By The Pound” For Scrap Value
Here’s just what you really need to know from the Halliburton US onshore outlook provided on Tuesday 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 are new to …
Read More »Schlumberger’s US Onshore Strategic Review Continues After A Mondo Rightsizing Round That Stopped Just Shy Of HHP Retirements
4Q19 earnings season is officially underway in the oilfield with Schlumberger’s call kicking things off this morning. Three months ago, their last earnings conference call prompted us to ask: What Is Schlumberger Going To Do With Their North America Business? Since then, we’ve all heard the speculation that… There’s a …
Read More »Screening Last Week’s Frac Sand Earnings Calls For Market Intel
We listened to four public frac sand company conference calls last week. Here are the polished market intel points that we screened out from the raw feedstock of these calls. Feature image: Stack Sizer® wet sizing frac sand, courtesy of Derrick Corporation There’s a lot more to this story… Login …
Read More »Frac Sand Market Datapoint Roundup: 8 Interesting Things We Noticed Over The Past Week…
In this update, we’ve carefully curated eight notable frac sand market datapoints, most of which came to light in the past seven days. These are mostly skimmed from… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, …
Read More »What Is Schlumberger Going To Do With Their North America Business?
Friday’s 3Q19 earnings report and conference call from Schlumberger were of much greater interest than usual for US oilfield service market participants for two reasons: …. 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 …
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