Tag Archives: newbuilds

In the future, we’ll likely look back upon 2023 as the key inflection point in the e-frac trend. 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 …

The pumpers had some interesting things to say this week… we break it down here. 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 Infill Thinking, or …

During this frac earnings season it has become more clear who is holding the line on fleet additions vs. who is adding capacity. 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. …

In September 2021, we marveled at the arm’s race in US pressure pumping to re-fleet with emissions-friendly equipment. Today we explore the latest ESG fleet counts and discuss the state of the industry’s environmentally-friendly recapitalization trend… feature image photo credit: profrac tier iv pump – profrac has been an early …

The combination of greater per rig retrofit investments and expanding inventory of upgrade candidates is the equivalent of newbuilding without building new. This kind of spending invites a whole crowd of previously shunned rigs into the exclusive super-spec club. There’s a lot more to this story… Login to see the full …

On Thursday, Patterson-UTI said it will take delivery of newbuild rigs again during 2017. In the downturn, Patterson-UTI suspended their newbuild program and last took took a delivery in 4Q15. There’s a lot more to this story… Login to see the full update…  To read this update and receive our …

The hardest sell in the entire O&G industry right now is without question a newbuild offshore rig order. Demand for offshore newbuilds is actually negative. Contractors continue to push out delivery dates, in some cases paying up to avoid taking delivery. With little visibility on a recovery, shipyards are being forced to …

Offshore drilling contractors have been signing deals with shipyards to delay taking rig delivery for several years now. With no visibility on work, it’s better to leave rigs on the docks where they took shape than to store them somewhere harsher. This morning Atwood announced a delay deal on a pair of …

Although it may seem early to some, another fleet improvement cycle is underway for the US land rig fleet. We covered the specific upgrade programs of several leading land drillers last week in this post. It’s a relatively humble reconstruction cycle financially speaking, involving more discrete equipment upgrades than overhauls or …

It’s been a busy 24 hours. Since Wednesday morning, a dozen upstream management teams have provided business outlooks via quarterly conference calls. While drinking from this information firehose, we’ve been logging the highlights. In this post, we dissect the eight most interesting things we took away for the oilfield business at …