Tag Archives: outlook

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 …

This morning, Schlumberger management hosted a conference call with analysts to discuss 4Q16 results and the 2017 outlook. The company kicked off oilfield service earnings season on a positive note. Following nine consecutive quarters of relentless workforce reductions, cost cutting, and restructuring efforts, Schlumberger is restoring focus on the pursuit …

Two years into the downturn and at oil prices just half of prior highs, the US tight oil industry has begun to stage a recovery. We’ve all seen this new optimism in the tangible data. Rig count, capex, headcount, frac utilization – these are just a few of the US …

For the past six months, Baker Hughes has publicly rethought its involvement in the pressure pumping business. Now a material transaction is possible before year-end. The initiative is part of the big push underway by all of the Big 3 oil service companies to lighten their asset bases. Said another way, the Big 3 …

A quick round-up of three stories flying below the radar that we find important lessons in: i) a leading indicator of Norwegian mature field development just plummeted, ii) H&P just paid an injured rig hand $72mm, and iii) Patterson-UTI is finding it easy to return idle land rigs to work. …

The Barclays investor conference held in New York the week of Labor Day marks the start of the year-end news rush. A hot item at Barclays was a basic truth about the oil market: failing to offset natural declines will push oil prices higher every time. Today’s capex starvation is setting up tomorrow’s feast. There’s …