Macro/Headlines/Events Baker Hughes Rig Count- The US onshore rig count was down 7 rigs from 741 to 734 last Friday. At our Thrive Energy Conference last week, most panelist took the under on the US onshore rig count being 800 by the end…
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…
Podcast: 11.01.2022 – In Basin Observations featuring Matt Wilks – ProFrac
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…
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 have returned from another road trip, albeit an abbreviated one as we did a quick three-day Fort Worth / Oklahoma City tour. Observations captured below. Tomorrow we drive to Midland where we will be all week doing company updates and field tours. 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 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…