Following this recent update on more local proppant capacity in the Haynesville shale, we received some inbound reader questions about the status of the Haynesville shale market. Incoming intel requests spanned both the frac sand market and general drilling and completion activity in the region. So we made some calls …
Read More »Last Week The US Tight Oil Rig Count Did Something It Hasn’t Done Since The Downturn
Last week, the US unconventional oil rig count did something it hasn’t done since the downturn. 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, …
Read More »Talk Among US Independents Suggests A Flat Rig Count, With Some Operators Planning Reductions
With the flurry of E&P earnings reports last week came lots of talk about 2018 drilling programs. If we had to boil down all the drilling rig market commentary we heard into a key takeaway, it’d be this: There’s a lot more to this story… Login to see the full …
Read More »Land Drillers Are Staying Out Of The Newbuild Yards, Focusing On Idle Rig Upgrades Instead
In our weekly rig and frac spread count update this week, we parse through a land driller’s 2018 rig upgrade program to delineate some critical 2018 onshore drilling market trends. There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »New Addition To Our Weekly NAM Rig Count Update: The US Frac Spread Count
Infill Thinking readers rely on our weekly rig count update for a series of unique land rig drilling charts and analysis. Going forward, we are adding a new weekly chart to document completions activity trends. Our friends at Primary Vision have agreed to make their weekly US frac spread count …
Read More »Patterson-UTI High Spec Drilling Rig Explodes In Oklahoma, 5 Missing. [Update]
Breaking news of the worst kind out of southeastern Oklahoma. 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 …
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 »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 »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… …
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