Infill Thoughts

There is a dark side to the booming Permian Basin frac market. This week, we followed a lead into the underbelly of the Permian Basin oilfield, investigating chatter we are now hearing about frac sand heists at transload terminals. We have now confirmed with multiple industry sources that recent thefts of …

Note: Each Friday in March, we are passing the keyboard to one of our readers to share perspective from the field. We hope you enjoy the thoughts these hand-picked contributors have to share. This week, former sell-side analyst Jeffrey Spittel joined us with a terrific look at the division in …

One of our takeaways from the Petroleum Connection’s frac sand conference in Houston earlier this month was the threat of cheap, quick supply coming online from brownfield capacity expansion. Over the past several weeks, this threat has fed investor concerns that looming supply growth will soften the frac sand market which …

Solaris Oilfield Infrastructure Inc. filed for a $100mm IPO late last week. Solaris is one of the frac sand last mile logistics companies highlighted in our deep dive report, which identified the company as a likely candidate to go public this year. Unlike some other new last mile solutions focused …

In our previous weekly rig count update, we noted that Permian growth has been slowing and provided some thinking as to why. This week, Lower 48 drilling surged, printing its best weekly gain since January. But the Permian was notably absent from the party. We’ve got charts, stats and analysis on …

Earlier this week, we published an in-depth look at Encana’s Davidson pad in the Permian. 64 wells are planned at this site, making it the largest full-scale development in the Permian. We believe that reader response to a report like this can often be more compelling than the report itself, for …

Note: Each Friday in March, we are passing the keyboard to one of our readers to share perspective from the field. We hope you enjoy the thoughts these hand-picked contributors have to share.     There’s a lot more to this story… Login to see the full update…  To read …

Unconventional drilling in the Permian’s Midland and Delaware Basins has been increasing at a breakneck pace since 4Q16. Horizontal rigs going back to work on Midland and Delaware formations alone account for 1/3rd of the total increase in Lower 48 rig count since September 30, 2016. Over the past five weeks or …

Reports out late-last week suggested two significant offshore drilling M&A deals were in the making. One of the deals was confirmed Monday morning. The two deals are spearheaded separately by former partners John Fredriksen and Tor Olov Troim. Fredriksen’s deal is deepwater, Troim’s is a shallow water play. John Fredriksen …

This earnings season has been rough on the sand stocks. The sell-off appears to be the classic case of a crowded trade. Sand stocks we monitor had increased 433% from the bottom about this time last year. In the past three weeks (as they reported 4Q16 earnings), they’ve fallen 30%. Big Oil …