Macro/Headlines/Events Baker Rig Count- The US onshore rig count was flat last week at 741 rigs. FT- Blast-hit US gas export plant reopens but safety concerns persist Link WSJ- Abu Dhabi to Sell 4% of Natural-Gas Business in IPO Link FT- British…
DEP Update: Dividing and conquering again this week as half the team heads to Midland while the other half is conducting E&P meetings in Houston. Our Midland reception is on Wednesday, so email us if you would like to swing by. Lastly, we are…
DEP Update. Our golf outing is this Wednesday. We have a few open slots, so let us know if you want to play. On Friday we’ll be in Dallas and then returning again next week before heading up to OKC for meetings/group dinner on…
This past week we completed another Permian trip as we travelled west to attend a ChampionX open house featuring its recently acquired Scientific Aviation business (more below) while we also summarize a Marcellus frac site tour from two weeks ago. We return to the…
Happy Mother’s Day to all our mom readers….you are the best! DEP Travels. We drive to Midland tomorrow morning for two days of meetings. Likely will assemble a small group dinner Tuesday night in Midland, so if you’re up for Mexican or Italian,…
We hope everyone survived this past week’s Arctic freeze. Crazy weather. Tonight’s note is relatively brief. A quick update on this week’s conference plus a few observations from several Q4 earnings calls. THRIVE Energy Conference Update. We were attacked this past Saturday by internet…
Now that we are essentially through Q3 earnings season, this weekend we reviewed E&P commentary regarding near-term capital spending and activity trends. Where possible, we highlight Q4 and preliminary 2021 guidance as well as convey go-forward activity assumptions as provided. As expected, E&P capital…
We have updated our active frac crew count worksheet as well as compiled a list of frac crew anecdotes from Q2 earnings season. Our active tally now stands at ~111 fleets. This tally is derived from public disclosures, industry sources, company specific discussions and…