We don’t take the EIA data on completions and DUCs (drilled but uncompleted wells) at face value. But we do look at their work for directional trends on DUCs, which can be a good leading indicator for trends in frac horsepower demand. In this update, you’ll find our analysis of this week’s …
Read More »More Rigs Have Been Activated In Reeves County This Year Than In The Entire Bakken
In the Permian Basin, horizontal drilling activity is up 101 rigs so far this year. This is more than 2x the next fastest growing play (Eagle Ford +41). In this week’s Infill Thinking rig count update, we get granular on Permian growth. We’ve ranked the counties across the Permian’s basin trifecta …
Read More »The Unfair Recovery Shows Up At OTC, Doesn’t Buy A Ticket [2 Charts]
This week, Offshore Technology Conference attendance fell for a third straight year. Higher oil prices and the US onshore recovery didn’t buoy turnout. That said, attendance might have slipped more without the draw of US onshore technology exhibits at the event. We’ve got stats charts and anecdotes from the conference in this …
Read More »Asked & Answered – Engaging A Full House At The Largest O&G Workforce Conference
Last week, we presented our business outlook for the oilfield to kick off the day at the WorkforceNEXT energy conference in Houston. This gathering is the largest for HR executives in the O&G industry each year. And attendance this year was a record high – a sign of the times. …
Read More »Halliburton Will Mow Down The Competition In 2017, Whatever The Cost
Halliburton took an unusual step on Friday morning, hosting a conference call before the quarter ended to provide an operational update. On the call, Big Red put all other US pumpers on notice: the US is their turf and they won’t give it up easy. The company has executed a strategic pivot from …
Read More »US Land Rig Count Update For February 24, 2017
The US onshore rig count increased 3 rigs to 733 running last week. The US land rig count is now up 359 rigs from the May 2016 bottom. Much of these gains have come from the Permian, where growth is being driven by horizontal drilling in both the Midland Basin and the Delaware …
Read More »It Might Not Feel Like It, But Operators Are Still Winning As Land Rig Dayrates Rise
ConocoPhillips is baffled by recent dayrate hikes by the US land drillers. And they aren’t the only operators that feel this way we take a look at what ConocoPhillips’ CEO had to say about it and explore why the operators shouldn’t feel too bad about a few grand a day …
Read More »Last Mile Talking Points For Houston Sand Summit Next Week
Next Monday at the Petroleum Club in Houston, the who’s who of the frac sand business will come together for the 2nd Annual Frac Sand Industry Update Conference. In a sign of the times, the event was oversubscribed so the venue has been expanded. By way of disclosure, we do not …
Read More »Halliburton Is Reactivating Frac Spreads For A Pretty Penny
Halliburton’s strategy for 2017 is shifting, and the company will have a whole different M.O. this year. Jeff Miller, Halliburton President expressed his feelings about the new year this way: “in many ways, 2016 was like a bar room brawl where everyone, and I mean everyone, took a punch. But …
Read More »As 2017 E&P Budgets Kick In, Permian Rig Count Sizzles
After a brush back in the second week of the year, the US land rig count surged ahead last week. 2017 E&P budgets and drilling programs are kicking in and we expect continued strength over the next 4-6 weeks. Take out a free trial below to see our full analysis of …
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