After oil’s 2014 crash, the US shale “popularity pendulum” swung hard against animal spirits, moving in favor of capital discipline. Outspending in shale is now taboo on both Wall Street and Main Street. But is the recent societal shift emblematic of lasting structural change or is it simply cyclical banter? …
Read More »Permian E&P Breaks The Ice On Takeaway Constraints. Will Unyielding Growth Preconceptions Begin To Change Now?
One week ago, we got the first tangible datapoint on Permian takeaway capacity slowing down the world’s busiest oilfield. That datapoint came on the completions side as C&J slowed their frac spread deployment cadence. Today, we have the first tangible datapoint of an operator cutting back on the drilling side. …
Read More »Planned Local Sand Supply Has Surpassed Estimated 2019 Demand In Four Big Basins [Chart Of The Day]
Is the frac sand greenfield rush of 2017/2018 finally over? It’s a question worth asking since each of the Big 4 markets are now flush with planned local sand supply. In the chart below, we compare our total 2019 frac sand demand estimates for four major markets to announced local frac …
Read More »Frac Water Market Takeaways From The Select Energy Services Conference Call… [Live Blog Complete]
Live takeaways from Select’s 1Q18 earnings call… 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 your membership has expired, please email us to …
Read More »Boots On The Ground: All Our Permian Trip Quick Hits Organized By Topic
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 »Startups. Entrepreneurship. Innovation. A Conversation With The CEO Of Seismos [Friday Guest Post]
In our typical Friday guest posts, we get to hear the perspective of one Infill Thinking member at a time. And that’s usually pretty great, but as the old saying goes two heads is better than one. This post (or conversation really), is the brainchild of two Infill Thinkers who …
Read More »5 Quick Hits From The Latest Oilfield Service IPO Filing: More Frac Newbuilds, Follow-Me Rigs, Silica Regs and more…
Diversified oilfield service provider Quintana Energy Services Inc. filed an amended S-1 this week for their $160mm IPO. The company operates a diverse roll up of product service lines consisting of directional drilling, pressure pumping (209k frac HHP), pressure control, and wireline services. From Mid-Con roots, Quintana’s footprint has spread …
Read More »It’s Time To Spin The Globe Looking For Signs Of Life As Brent Flirts With $65/Barrel
The recovery in oilfield service (OFS) activity and pricing outside the US has been waiting in the wings for three years. Outside the US, there have only been a few international bright spots – non-US oilfield growth has been non-existent. Most countries’ oilfield service markets have been dragging bottom all …
Read More »Reading The 2018 US E&P Capex Tea Leaves As Operators “Apologize” For Growing
This week, E&P management teams talked with investors about the big picture framework and mindset this budget season. We recap the key takeaways from the key players and review the overarching themes of 2018 budget season and what this means for oilfield service contractors. There’s a lot more to this …
Read More »Fixer Upper Star Mark McCollum Unveils The Specifics Of Weatherford’s Renovation
Last quarter, Mark was just getting his footing and undertaking a strategic review of the organization he inherited. This quarter, he got much more specific on what the Weatherford of the future will look like. Mark’s plan is more than a fresh coat of paint and new granite counter-tops. It’s …
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