Pricing Still Dismal
Although multiple E&Ps at the DUG conference this week acknowledged that OFS pricing was too low, the industry has still only been able to pass through meager price increases.
Q2 Fleet Count Up [shale fleet count]
Frac fleet up 15% sequentially in Q2 Privates, privates, privates Bakken had a great quarter Gas activity sluggish (both Northeast and Hville) 17 private frac providers have now deployed more than 50 fleets with more on the way Frac fundamentals are still awful with only 220 fleets active (of 330 available) At $70/bbl, we think […]
OFS Data Trends – Q2 Earnings
In these slides, we have highlighted the key data themes in OFS for the upcoming Q2 earnings season.
Public OFS Efficiency Gains – Putting Themselves Out Of Work
As private oilfield service companies put in the low bid, public OFS is pitching better and more efficient operations, which unfortunately is putting themselves out of work.
Private OFS Terribly Undisciplined
While public frac companies are showing discipline, privates are not…
Gas Production Not Keeping Up
Despite higher gas production in the latest EIA report this week, supply is not keeping up with strong demand…
Natgas Power Surge On Heatwave
This past week, U.S. natural gas power demand hit all-time June highs on record heat in the Northeast and Northwest, highlighting the importance of the fuel during the energy transition.
Survey: 65% of operators expect double digit growth next year
Our contacts inside the industry offer insights that can supplement data to create a full picture of field-level industry trends….
Rig Efficiency Has Stalled
After a red hot start to the year, rig efficiency has stalled in recent weeks…
Majors Still Frozen In Place
With Shell exploring the sale of its long held Permian acreage, we have updated recent activity trends…