Macro/Headlines/Events BKR U.S. Land Rig Count. Down one rig w/w to 759 rigs. This marks the third weekly decline, albeit the declines thus far are minor. That said, the E&P commentary noted above, again from a small sample, is consistent with leading edge…
Macro/Headlines/Events BKR U.S. Land Rig Count: Two weeks in a row, the BKR rig count is down. This week moving lower by 3 rigs to 760 rigs. We are not freaking out, yet. How Washington Persuaded Europe to Put a Price Cap…
Macro/Headlines/Events BKR U.S. Land Rig Count: -1 rig w/w to 763 rigs. WSJ-Oil Price Rises After Russia Cap Kicks In- Link WSJ-OPEC+ Keeps Oil Curbs Despite Russia Price Cap- Link WSJ- Chevron’s Long Game in Venezuela Brings It Political Risk Link WSJ-…
DEP Update: We will be participating at the Bank of America Energy Conference in Miami this week. Rough job. Next up, we’ll be attending the Piper Sandler Energy & Power Winter Symposium in NYC on December 1st. On December 6th we will sit on…
THRIVE 2022 Conference: Our weekly pestering kicks off as we try to encourage folks to register for THRIVE. We are tracking roughly 220 registered companies and 450 registered individuals; however, a number of sponsors/exhibitors have yet to register a single person. We employ this…
DEP Updates: The DEP team continues to grow! We are pleased to announce longtime friend and client, Geoff Jay, has joined Daniel Energy Partners. Geoff will focus on E&P and Refining commentary in order to complement our work on the U.S. onshore oil service…
We recently returned from a five-day mini vacation to the Florida Keys and Miami Beach. Unfortunately, no oilfield here, so we felt a bit out of place. For us, walking around the beach is akin to Lewis walking past Stan Gable and his fellow…
Very quiet week, thus DEP forced to go out and generate the news by way of our semi-annual update on the coil tubing market. Notwithstanding the holidays, we were able to conduct updates and/or receive feedback from a number of CT companies in order…
In keeping with tradition, we use our final note of the year to provide a firm update but kick off this weekend’s note with a couple quick industry observations. E&P Activity Anecdotes. Visited/updated with a small basket of E&P companies recently. These companies are…