In this weekly rig and frac spread count update we take a close look at Canadian drilling trends. 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 »Here’s A Look At The Shrinking Rig/Frac Spread Ratio That Halliburton Mentioned Monday Morning
On Monday morning, Halliburton discussed shrinkage in the ratio of drilling rigs to frac spreads in the US market. In our weekly rig count update, we quantify the trend with a chart and discuss its implications. There’s a lot more to this story… Login to see the full update… To …
Read More »Halliburton Has Begun Building Frac Horsepower And Hinted That Frac Sand Pricing Peaked In 4Q17
Here are our key takeaways in terms of general oilfield service market insights from the Halliburton conference call on Monday 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 …
Read More »The Basin To Watch In 2018 Is Already Off To A Hot Start, New Record Highs
A couple weeks into 2018, the hottest basin in the US is already pulling out ahead as the leader in horizontal rig count growth. This is a trend likely to continue as this play further separates itself from the pack as the hottest play in the US this year. So …
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 »One Million Frac Horsepower In 2018. That Is ProFrac’s Plan & We Caught Up With Management To Learn More
On Wednesday afternoon this week, we had a chance to touch base with ProFrac executives to learn about their ambitious 2018 growth plan. Infill Thinking spoke by phone with Ladd Wilks and Matt Wilks – Chief Executive Officer and Chief Financial Officer of ProFrac, respectively. Here’s what we learned… There’s a …
Read More »Ghosts Of Frac Sand Past, Present, And Future [Rigs vs. Mines Maps]
Since April, the geo-transformation of the frac sand business has accelerated. In the following charts, we’ve taken our previously published rigs vs. mines cartographical analysis a step further. In the slideshow below, we’ve included a map of historical frac sand supply sources, the new map with three West Texas in-basin …
Read More »Land Drilling Rig Capex Is Sinking To New Multi-Decade Lows
As E&P spending continues to recover, land driller spending looks poised to embark on a fourth straight year of decline. Precision Drilling released their 2018 capex program on Monday. We analyze the numbers in this update… There’s a lot more to this story… Login to see the full update… To …
Read More »This Chart Shows How The Oilfield Service Value Chain Has Been Turned Upside Down
In our weekly rig count update this week, we take a look at how frac sand volume per rig has trended the past few years. Plotting the sand/rig ratio reveals a rapid sea change in the Lower 48 oilfield service value chain. There’s a lot more to this story… …
Read More »H&P Has Plenty Of 2018 Capex Budgeted To Upgrade Their 100+ Super-Spec Rig Candidates
Helmerich & Payne closed out C3Q17 earnings season for the land drillers late-last week. Here are the three statements that we found most interesting… 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 …
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