While we were getting drenched in the MidCon this week, the sky was falling in New York too. 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 »It’s Halftime. Here’s The Scorecard In The Lower 48 Rig Market Year-To-Date
2018 is halfway in the books. In the first half of the year, the US unconventional rig count increased 105 rigs to 827, a 15% increase. In the second half, “Bench Basins” are going to have to step up due to takeaway injuries suffered by this game’s superstar. There’s a …
Read More »First Look At 2018 US E&P Capex & Rig Count: Flat At The Current Strip?
While the majors talk capex in terms of multi-year programs, the Independents that drive the Lower 48 drilling & completion markets are usually reticent to discuss specific year-ahead capex details until budget season (late-4Q / early 1Q). Last week an Independent talked specifics on their 2018 development plan – one …
Read More »The APEX Predator & Weekly Rig Count Trends
There were a lot of smart things about the Nabors analyst day last week. One of those was the timing. Nabors was smart to host its event after most of the other contract drillers hosted their earnings conference calls in the weeks leading up to the event – the timing …
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