Anadarko’s 2018 capital spending program was released Thursday morning. It is one of the first detailed 2018 E&P budgets to be released this budget season. Given their focus on discipline and returns and leadership in crafting a sustainable framework for developing tight oil, Anadarko’s E&P capex budget should help establish …
Read More »US Oilfield Contract Labor Heatmap & Listing Analysis [Guest Post]
Last quarter, RigUp contributed one of Infill Thinking’s most popular guest posts to date, sharing their views on trucking rates and demand and quantifying the addressable market for hauling for the first time. So we asked them to follow that up in this Friday guest post with a look at …
Read More »How Far Can Shale Grow On Run Flat Tires?
E&P transcripts we’ve seen from recent investor conferences have been pretty upbeat all things considered. Why? Oil prices are sub-$45 and under pressure. Well, shale has some tricks up its sleeve that allow it to keep going, and we break them down here. There’s a lot more to this story… …
Read More »Payback’s A Rig. US/Saudi Drilling Reversal Continues, Bodes Well For OPEC Quota Compliance
A dramatic run up in the Saudi Arabian rig count preceded the OPEC November 2014 decision to become a price taker and defend market share. This of course triggered the biggest collapse in US drilling history. The decision to extend OPEC quotas in May was in fact predicted by just …
Read More »E&Ps Actually Underspent Budget In Every Major US Onshore Play During 1Q17
We actively monitor spending patterns for approximately 50 public independent operators. With virtually all of their 1Q17 results disclosed over the past week or two, we can now report some detailed insights on what their spending during the first quarter of the year means for the rest of 2017. There’s a lot …
Read More »Reader Response To 64-Well Pad Research Reveals Another Monster In The Making Among Other Findings…
Earlier this week, we published an in-depth look at Encana’s Davidson pad in the Permian. 64 wells are planned at this site, making it the largest full-scale development in the Permian. We believe that reader response to a report like this can often be more compelling than the report itself, for …
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 »Reader Response To Last Mile Research
Our last mile deep dive published earlier this week resulted in the best 24-hour period for signups during Infill Thinking’s short five-month history. We share this not to brag. Instead, we see this as confirmation that the metamorphosis in frac sand’s last mile is indeed transformative with broad implications for the industry …
Read More »Shale Executive Sentiment Index Proved Prophetic
Late-last year, we introduced our Shale Executive Sentiment Index to try and gauge how management teams from drilling to service to E&P were thinking about growth in 2017. We were able to measure sentiment by quantifying the frequency of references to growth as shale executives spoke to investors. At the time …
Read More »Reports From Big Sand Are Still A Few Weeks Out, So Here Are Three Datapoints To Tide You Over
The big public frac sand suppliers (companies like Hi-Crush, US Silica, Fairmount Santrol, and Smart Sand) will be closely watched when they report earnings this quarter. Expectations for increased proppant demand are high as the US shale industry gets back to work. But Big Sand won’t be talking about their own …
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