We spent the first week of February on location in the Permian Basin gathering market intelligence on the completions supply chain. In addition to taking it all in from the road this week, we have met with a variety of management teams and visited operations in the field. During our …
Read More »In-Basin Frac Sand Adoption Is Now In Full Swing, Held Up Only By Availability
We have sorted through 1,000+ pages of E&P conference call transcripts to come up with the most important things customers are saying about frac sand. 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 …
Read More »Permian Points Part 1: In-Basin Sand Spot Pricing Discussion & The Race For Seventh Place
In addition to taking it all in from the West Texas roads this week, we’ve met with management at four in-basin sand mines, two OFS firms, and a regional transportation alliance. We also hosted a well-attended reader meetup in Odessa yesterday and have two more frac sand mine visits behind …
Read More »Oil Price Strength Will Drive Stealth Budget Increases, If Not Overt Outspending In Shale
We examine one strategy that we think will be a common way for E&P operators to essentially increase spending without appearing to be reacting to higher oil prices this year. There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »Cherry Picked Datapoints From A Bevy Of New O&G Presentations This Week
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 »Don’t Read Too Much Into The Permian Rig Count Trajectory Lag. It Is Not A Sign Of Animal Spirit Inflection
We have seen some recent market commentary interpreting a lackluster Permian rig count response to the 4Q17 oil price rally as evidence of a change in E&P behavior or appetite for Permian development. We do not believe this interpretation is accurate. In this update, see what we believe are the real …
Read More »Independent E&P Consolidation Is The Future. Is 2018 The Year? [Guest Post]
Experienced E&P strategist Paul Sparks has been thinking about the future of what today is a highly fragmented E&P industry. As the US unconventional business matures, will it always be run by 50+ public Independents and hundreds of smaller privates? Or is mass consolidation the future? History and some of …
Read More »Is It Really Different This Time? [Chart Of The Day]
We believe the recent surge of returns-focus rhetoric from E&Ps is having a considerable impact on consensus expectations for US shale E&P spending. This was evident in our recent survey, where participants expressed a bullish view on y/y oil price trends yet waxed conservative on the spending outlook. In this …
Read More »Taking The Oilfield’s Temperature On 2018 [Call For Survey Responses]
We poll subscribers on key questions about the 2018 oilfield service outlook. Our Q&A will reveal consensus among some of the industry’s smartest minds about 2018 trends, themes, and debates. To participate and view the results, please login or subscribe. At Infill Thinking, we are very aware of what our …
Read More »Are West Texas Producers Unnecessarily Taking A $5/Barrel Hickey?
There’s a new reader-submitted post in our thinking aloud forum, please visit the thread here to read and discuss how (and potentially why) the oil price rally is masking some important disconnects. Emerging discounts are impacting tight oil producers who sell product based of WTI benchmarks, but it may not …
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