Tag Archives: trends

BP and Shell updated their spending outlooks Tuesday morning. The two Majors echoed recent reports from their peers by again lowering planned capex spending. As Independents selectively spend a little more in 4Q16 and prepare to reverse their budget cuts next year, the Majors continue to systematically lower their total spend. Optically, …

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 …

As we initiate our weekly rig count update here at Infill Thinking, it is nice to be writing about growth again for the first time in two years. Since the May 27, 2016 bottom, the US land rig count is up 154 rigs or +41%. Recent growth has been largely driven …

An important tone shift in how Halliburton addressed investors Wednesday morning foreshadows a different type of recovery ahead. Reading between the lines, we’ve dubbed the upcycle of the future a “roll up your sleeves” recovery. What will oilfield companies have to do to achieve prior KPIs in the recovery ahead? We discuss that and more… There’s …

Oilfield earnings season begins this week with Halliburton’s conference call. The tone on this upcoming round of calls is likely to be more positive than any time in recent memory. In this Thinking Ahead we outline key calls to monitor and discuss seven key themes we expect to be prevalent during the imminent earnings season. …