Tag Archives: trends

Diamond Offshore was the first offshore driller to host its 4Q16 earnings conference call on Monday morning. In this post, we extract the most poignant statements management made on the call about the future of the offshore drilling business, identifying and corroborating some of the most important themes in the offshore …

The US onshore rig count increased another 19  rigs to 689 running last week. All of this activity coming back means rigs are being moved out of the yards and into the field. This creates a veritable boom for rig movers. We uncovered some proprietary market intelligence on rig moves …

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 …

Oilfield service pricing moving higher cyclically is a good thing for all our readers (including operators, for current pricing is unsustainable and will destroy capacity in the long run). That said, we stand at a tricky juncture in the cycle for oilfield service company decision makers trying to reset their …

After a brush back in the second week of the year, the US land rig count surged ahead last week. 2017 E&P budgets and drilling programs are kicking in and we expect continued strength over the next 4-6 weeks. Take out a free trial below to see our full analysis of …

Schlumberger kicks off 4Q earnings season this week, hosting a conference call Friday morning to discuss the 2017 outlook. During the fourth quarter, a cyclical inflection point materialized in the US onshore market. A key question during the calls this earnings season will be how sustainable the cyclical growth trajectory …

Nothing can go up and to the right forever, especially not the rig count. The US onshore rig count fell back by six units this week. This break is actually a good thing and we explain why and break down the weekly rig count in in this post. There’s a …

US land drillers sent 2016 packing with a bang. Since May, the drilling recovery has looked exceptionally strong on a percentage basis. The December trend looked exceptionally strong on an absolute basis too with 65 US rigs returning to work. December 2016 delivered the best absolute rig count increase of …

Each winter, we look forward to unwrapping the annual rig census report released by National Oilwell Varco. With it’s uniquely comprehensive rig market history, the report provides good perspective on the competitive landscape for drilling rigs around the world. There were no surprises on the demand side this year – …

It’s fair to say that the blow out preventer (BOP) business model is being re-shaped as we write. 10 months ago, GE and Diamond introduced a new BOP arrangement to the marketplace – one that transfers up-time responsibility to the OEM. This week, the largest BOP supplier moved to implement …