We visited the sprawling $36mm Tenaris Midland Service Center this week. From this new Permian Basin facility, Tenaris is introducing Rig Direct™ to the US shale plays. Here Tenaris is running OCTG (casing and tubing), sucker rods, coiled tubing, and accessories in 24/7 operations. The Midland Service Center is the …
Read More »Permianflation – Acreage Arms Race Precedes Price Increases Coming Across The Value Chain
Permian acreage values are changing rapidly, frustrating those who want in and providing a windfall to incumbent operators. What some are calling an acreage valuation bubble in the Permian may be just the tip of an inflation iceberg in the play. A tsunami of capital targeting deals in the region …
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