Macro/Headlines/Events BKR U.S. Land Rig Count: +3 rigs w/w to 756. Although we had a slight uptick in the rig count last week, December 2022 and January 2023 were both lower m/m. Source: Bloomberg/Baker Hughes/DEP FT- What China’s reopening means for…
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 Update: We still have a few open spots for our golf outing on November 10th at the Woodlands Country Club (DEP clients only) – let us know if you are interested. We’ll be in Houston this week due to earnings season/World Series with plans to…
Permian Observations. We had the pleasure of returning to the Permian once again with this trip marking the 113th night we have stayed at a Hilton properties YTD (not all work related, however). On this field visit, we caught up with contacts in multiple segments,…
We recently returned from a quick three-day, ~950-mile jaunt through the Bakken/PRB. Our trip, while educational, was cut short due to weather gremlins. In fact, we witnessed first-hand operations being suspended with some companies incurring shutdowns for 1-2 days due to North Dakota high…
A quiet week on the news front, so the DEP team used the downtime to conduct another equipment tour – this time visiting the new HAL Zeus Pump. Below, we summarize our equipment impressions as well as bloviate on our take on the eventual…