Upcoming Events: The DEP team will host a reception in Midland on August 9th along with small reception in Houston on August 12th. Next Sunday, we’ll recap a recent Marcellus trip where our team toured a low-emission electric fleet powered by gas genset technology. Permian…
We hope everyone had a happy and relaxing 4th of July weekend. This week the DEP team hits the road again with members of the team heading to Dallas on Wednesday/Thursday. Next week, we return to Fort Worth and then up to Oklahoma as we…
Back from a week in Midland. The good news is our enthusiasm is rising as numerous discussions point to higher activity while service cost discussions featured prominently in every meeting. We elaborate below. Looking forward, our team will divide and conquer this week. Research…
We have returned from a three-day jaunt to the Permian/Fort Worth. Observations below. This week we stay in Houston for company update calls. Next week the research team heads to Bossier City while the sales team heads to Whistling Straits. Life’s not fair. Near-term…
A gaggle of OFS and E&P conference call takeaways are summarized below. Admittedly, much of this is simple elevator analysis and a rehash of data points from the various press releases, IR slides and conference calls. For those who don’t have time to read…
A day late, but hopefully not a dollar short. Apologies for a delayed note, but the DEP team took Easter weekend off to go see the kids and parents with travels this past week taking us first to Midland for three days followed by…
Oklahoma/Denver Recap: We spent two days in Oklahoma and a day in Denver last week. The meeting schedule included updates with pressure pumping, land drilling, well service, E&P, pump-down and diversified oilfield service companies. The mood this trip was clearly better than our visit…
A long note so grab your preferred beverage and read on. Federal Lands Anecdotes: Not trying to get political in our weekly epistle, but a well service contact reports rigs being released this week from work on Federal lands. These were production rigs,…
Below are our takeaways from several news events this past week. Also, we share the latest update on the THRIVE Energy Conference & Expo which is now 5 weeks away. ProPetro Services: Tier 4 DGB Purchases. Constructive news from ProPetro Services earlier this…