Tag Archives: onshore

The APEX Predator & Weekly Rig Count Trends

There were a lot of smart things about the Nabors analyst day last week. One of those was the timing. Nabors was smart to host its event after most of the other contract drillers hosted their earnings conference calls in the weeks leading up to the event – the timing …

Read More »

Campaign Speech… Of The Drilling Variety

  Our regular weekly analysis of Baker Hughes rig count statistics is below, but first some campaign speech. This weekend, we are taking a break from the political rhetoric to look at drilling campaigns. For the first time in two years, the US Independents are flexing up their drilling programs. …

Read More »

8 Interesting Things We Learned In The Past 24 Hours

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 …

Read More »

Weatherford Does Not Share Baker’s Frac Philosophy

As Baker prepares to exit the horsepower game, Weatherford is in no hurry to send frac packing. After reactivating 3 spreads between September to December, the company will end the year at 90% marketed utilization. Weatherford is not selling its million horsepower fleet, at least not any time soon. To read this update you must be …

Read More »

Here We Grow Again

As we initiate our weekly rig count update here at Infill Thinking, it is nice to be writing about growth again for the first time in two years. Since the May 27, 2016 bottom, the US land rig count is up 154 rigs or +41%. Recent growth has been largely driven …

Read More »

Did You Catch Halliburton’s Big Tone Shift? It Signals A “Roll Up Your Sleeves” Sort Of Recovery Ahead

An important tone shift in how Halliburton addressed investors Wednesday morning foreshadows a different type of recovery ahead. Reading between the lines, we’ve dubbed the upcycle of the future a “roll up your sleeves” recovery. What will oilfield companies have to do to achieve prior KPIs in the recovery ahead? We discuss that and more… To …

Read More »