It’s hard to believe that it’s been almost two years since we wrote the first “What Customers Say About Local Sand” piece! Anyone remember this little number? At the time of that writing, customers were starting to express their opinions on local sand for the very first time. Fast forward …
Read More »A Dozen US Onshore Operators With Danger On The Doorstep
We screened the universe of large oilfield service customers looking for indications of elevated risk. For oilfield service firms and suppliers, it matters who you are doing business with. There’s a lot more to this story… Login to see the full update… To read this update and receive our research …
Read More »Most Agree That Injecting Permian Wastewater Isn’t Going To Get Any Easier… But Is It Getting Harder Yet?
The great local sand rush of 2017-2018 has clearly slowed down here as sand prices have dropped into a trough (we estimate Permian FOB mine prices are down some 65% y/y). What’s going on with operations though? Is more sand still to come? We take a look in this data-driven …
Read More »One Of Five Deals On Infill Thinking’s “Oilfield Water M&A Pipeline Watchlist” Just Happened
About one month ago, we tipped readers off about five potential upcoming deals in the oilfield water M&A pipeline. Today, one of the deals on our watch-list came to fruition. We knew the seller before… now we know the buyer. And it is one of the most aggressive consolidators in …
Read More »The Rockies’ Regulation Roller Coaster [Chart Of The Day]
The Coloradan E&P industry is braced for the earth to move beneath their feet, and tolerance for QHSE risk is about zero among the operators navigating this challenging regulatory landscape. When we talk with our O&G contacts in the Rockies, regulation invariably comes up. So here’s an update on where …
Read More »Mega-Scale M&A Is Finally Here In Shale. Who’s Next? [4 Things On Our Mind After Chevron’s $33bn Bid For Anadarko]
Much is being written about Chevron bidding $33bn to take over Anadarko this morning, and rightly so. Instead of yet another transaction rehash, here are four quick thoughts on our mind after waking up to the news this morning: … There’s a lot more to this story… Login to see …
Read More »Here’s How E&P Spending Implies That A Fifth Of US Pre-Frac Water Is Recycled
In research, going down one path often leads to another. And that’s often when things become most interesting. While updating our recycled water leader board chart, first introduced in 4Q18, we got side-tracked by a quick thought exercise. In this update, we use operator spending budgets in conjunction with their …
Read More »It’s Official: Known 2019 US E&P Spending Programs Enter Contraction Territory
2019 E&P capex budget expectations have devolved fairly rapidly, worn down by macro erosion and crude oil price volatility. Over the past several months, multiple Infill Thinking updates have warned that 2019 E&P budgets (which initially pointed to spending increases) were at risk of contracting into negative territory in the …
Read More »2019 US Onshore E&P Budgets Starting To Fade In Aggregate [Updated Table]
Some of the most important numbers of early-2019 are trickling out and we’re tracking them here so you don’t have to. 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 …
Read More »5 Things To Think About For The 2019 US Oilfield Service Outlook [Macro Musings]
WTI at $42 on Christmas Eve was something that that almost no one expected on Halloween. The chief debate that oilfield suppliers are grappling with in early-January is how macro volatility will impact 2019 E&P capex spending, and as such, jolt the addressable US onshore market. We provide analysis in …
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