Tag Archives: halliburton

It’s a sign of the times. Frac sand controversy on Halliburton’s earnings conference call Monday overshadowed everything else, including some interesting points on pressure pumping dynamics, rig count brake tapping, international service pricing trends, and higher wages. We’ll address Big Red’s “non-sand” comments in a separate update later today. These …

On the same day this week, both Halliburton and Forum Energy Technologies made acquisitions in the artificial lift space. Specifically, each firm announced a deal to take out a privately held electric submersible pump (ESP) target. The coincidental timing and shared ESP focus of the deals has inspired some exaggerated …

Newly minted Halliburton CEO Jeff Miller spoke earlier this morning at the UBS conference in Austin, TX. Although he’s no stranger to the investment community, this was his first presentation since being named Dave Lesar’s successor. In a wide-ranging “fireside chat,” Jeff shared market insight on frac sand availability, logistics, completions …

On Wednesday this week, Halliburton announced that COO Jeff Miller will replace outgoing CEO Dave Lesar. In early March, Weatherford announced the hiring of then Halliburton CFO Mark McCollum as their new CEO. These two announcements may be more related than first meets the eye. There’s a lot more to …

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 …

Halliburton took an unusual step on Friday morning, hosting a conference call before the quarter ended to provide an operational update. On the call, Big Red put all other US pumpers on notice: the US is their turf and they won’t give it up easy. The company has executed a strategic pivot from …

This morning, the Norwegian Financial daily Finansavisen reported in no uncertain terms that Aker Group, owned by Kjell Inge Røkke, is about to sell Aker Solutions to Halliburton. We have detailed analysis of the possibility including a cliff hanger question you don’t want to miss… There’s a lot more to this story… Login …

In an unexpected announcement Monday evening, Weatherford welcomed of Mark McCollum, Halliburton’s CFO, as its new permanent CEO and director. For Weatherford, choosing between interim CEO Krishna Shivram and McCollum was a win/win. Shivram impressed everyone during his stint at the helm, but McCollum is the stronger candidate. So when the board realized …

Retail giant Amazon and the hydraulic fracturing business have something in common: costly and complex last mile logistics. Distributing proppant requires just as much sophistication as distributing Echo Dots, Yeti Tumblers, and Kleenex. In 2017, more truckloads of sand per well will be pumped than ever before. The frac industry is trying …

Six weeks ago, we identified last mile logistics for frac sand as a potential choke point in the 2017 recovery. Frac sand’s last mile is a tedious dance between operators, trains, trucks, pumps and thousands of tons of sand. Halliburton validated our concerns on Monday evening. There’s a lot more to this …