+10. Flat. Flat. -2. Those are the weekly changes the US land rig count has posted for the past four weeks. Not bad! A couple weeks ago – after the first two datapoints in the pattern above – we wrote “The Past 2 Weeks Don’t Make A Trend, But 2 …
Read More »A Brief History Of The Flaring Dialog Between E&P CEOs & Investors
In a separate update earlier this week, we quantified a new kind of flaring intensity index. Today we explore the qualitative side of this trend, distilling over 1,000 executive/investor conversations about flaring over the past decade and a half into this 5-minute-read summary. Login to see the full update… To …
Read More »Improving Oil Price May Slow The Pace Of Drilling Rig Releases In 1Q19
In our weekly rig count update this week, we digest a 2019 outlook from a leading land drilling contractor. There’s a lot more to this story… To read this update and receive our research newsletters, you must be a subscriber. If your free trial has expired, renew here. (Current members login here.) Subscribers get Exclusive …
Read More »US Rig Count Is See Sawing – Down But Not Out So Far In 2019 With No Clear Trend Yet…
The early-2019 rig count continues to see saw. Are we at inflection or are we not? We discuss… There’s a lot more to this story… To read this update and receive our research newsletters, you must be a subscriber. If your free trial has expired, renew here. (Current members login here.) Subscribers get Exclusive research …
Read More »H&P Addresses Their New “Piggy Back” Land Rigs, Which Are Still In Experimentation Mode
About 10 days before the H&P conference call this week, we wrote a report about something new the land contract driller is doing in the field – an onshore drilling first. In that report on these so called “piggy-back rigs,” we suggested H&P management might introduce and talk extensively about this …
Read More »Sandless Spreads, White Space, Permian Mobes, and Price Stagnation. Lots Of Frac Market Talk Over The Past 48 Hours, Most Of It Unpleasant
Never a dull moment in pressure pumping. See what we landed in our “datapoint fishing net” during the past 48 hours. There’s a lot more to this story… To read this update and receive our research newsletters, you must be a subscriber. If your free trial has expired, renew here. (Current members login here.) …
Read More »The SCOOP/STACK Rig Count Just Hit A Record High. Meanwhile, Mid-Con Sand Is Top Of Mind For Our Industry Contacts
In basin sand for the Mid-Con seems to be coming up more frequently in our conversations with industry contacts. Here’s three recent examples followed by analysis of SCOOP/STACK drilling rig activity trends. There’s a lot more to this story… To read this update and receive our research newsletters, you must be …
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 »US Land Drilling Contractors Unanimously Defy The Rig Count Trend
Three of the largest US land drillers (together controlling 35% of the market) openly resisted the downward trending rig count last week. The US land rig count fell in 9 of the last 12 weeks and is off 5% from peak. The prevailing view has been that this decline would …
Read More »South Texas Drilling Permits Bounce Back Quickly Following A Brief Harvey Hiatus
In this update we examine drilling permit data for South Texas to infer how the storm and subsequent flooding has impacted drilling rig demand in the region. There’s a lot more to this story… To read this update and receive our research newsletters, you must be a subscriber. If your free …
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