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…
Marco/Headlines/Events BKR U.S. Land Rig Count was down 8 rigs w/w to 754 rigs. WSJ- China Reopens to the World as International Travel Restrictions End Link WSJ- Solar Startup Enpal Nears $2.4 Billion Valuation in TPG-Led Investment Link WSJ- Best Stock-Fund Managers…
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…
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…
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…