Here’s a look at what they said then and now, showing how their thinking has become more transparent. Other operators will definitely take notice if Pioneer’s water tone starts to shift on divestiture, since the company has long been at the forefront of water management in the tight oil E&P …
Read More »Winds Of Change: A New Strategic Focus At Preferred Sands [Exclusive]
As many readers know by now, there have been rumblings about some big changes happening at the company in recent days. We have learned more about what has transpired and what to expect going forward. There’s a lot more to this story… Login to see the full update… To read …
Read More »Is A Supermajor On The Verge Of Vertical Integration In The Permian?
Supermajor capital has washed ashore to hunt short cycle returns in the Lower 48, having abandoned longer-cycle deepwater and international in the era of austerity following the 2014 oil price crash. These large companies have historically been thought of as less nimble than their smaller peers – the Independents who …
Read More »Hi-Crush Is Transforming Yet Staying The Course. Taking Apart Their Humdinger Of A News Release Piece-By-Piece [6-Part Analysis]
To say the Hi-Crush management team had a busy weekend might just be the understatement of the year. On Monday morning, the company dropped 3 press releases containing over 3,500 words. That’s 8 pages in Microsoft Word at 12 point font with single line spacing (yes we copy/pasted out of …
Read More »Fixer Upper Star Mark McCollum Unveils The Specifics Of Weatherford’s Renovation
Last quarter, Mark was just getting his footing and undertaking a strategic review of the organization he inherited. This quarter, he got much more specific on what the Weatherford of the future will look like. Mark’s plan is more than a fresh coat of paint and new granite counter-tops. It’s …
Read More »Weatherford’s New CEO Debuts Tomorrow – Food For Thought
On February 2, Weatherford’s new CEO Krishna Shivram will host his first earnings conference call as the boss of the company. This is a pivotal moment for the company. As Krishna unveils his strategic vision for the company tomorrow, he will usher in a new era, re-setting expectations for Weatherford for …
Read More »Is Baker Hughes Over-Innovating?
Baker Hughes seems to be taking an assembly line approach to innovation, focusing on product launch volume as an important KPI. This is in stark contrast to Steve Jobs’ disruptive approach to innovation, where he would focus on a single game-changing idea for years at a time. We’ve recently become …
Read More »5 Questions We Hope Weatherford’s New CEO Answers On February 2nd
On February 2, Weatherford’s new CEO Krishna Shivram will talk to investors for the first time as the boss of the company. He’s got some work to do. The market will be looking for a restoration of confidence. That means Krishna needs to have a story for the new Weatherford …
Read More »Patterson-UTI Deal Reveals Continued Build Over Buy Strategy Despite Cheap Rigs
This may sound a little bit counter-intuitive, but bear with me: Patterson-UTI’s acquisition today signals that its build vs. buy strategic preference remains in tact. That’s because Patterson acquired a rig technology company this morning even though hundreds of idle land rigs are for sale as cheap as 15 cents on the dollar of build cost. …
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