Macro/Headlines/Events: Baker Hughes U.S. onshore rig count +5 last week from 727 to 732. WSJ- America’s Oil Patch Loses Its Luster- Link WSJ- Billionaires are betting on fusion technology as a source of almost limitless energy Link FT- US renewables industry joins…
DEP Upcoming Events. We will host a reception in Midland on June 10th. Email us if interested. Members of the DEP team will be in Denver on June 16-17th. Let us know if we can buy you coffee or beer. We prefer the latter. Also,…
Relatively quiet week, thus a relatively short note this weekend. DEP Upcoming Events/Travels. Tuesday/Wednesday – East Texas/Bossier City. Attending an OFS auction and hosting a small group dinner for anyone in town. Thursday (5/27) – Welcome reception in Houston for our new team members. …
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,…
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…
Frac Market Thoughts: Mixed industry views on spot market activity and pricing. Here’s the backdrop. An industry market observer recently opined on the U.S. active frac market, stating a belief the U.S. frac crew count totaled as many as 220 fleets. Subsequent to this…
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…
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…
Happy Valentine’s Day. We submit a great way to kick off a romantic Valentine’s Day dinner is with a couple’s review of DEP’s latest thoughts, thus we send out our note an hour early this evening. Brief note this weekend as we provide high…