Infill Thinking Lifting the O&G knowledge curve
It’s a sign of the times. Frac sand controversy on Halliburton’s earnings conference call Monday overshadowed everything else, including some interesting points on pressure pumping dynamics, rig count brake tapping, international service pricing trends, and higher wages. We’ll address Big Red’s “non-sand” comments in a separate update later today.
These days it feels like oil service is frac sand – proppant seems to be all that industry specialists care to talk about. And the attention is well deserved, for frac sand is at the center of many key market debates and industry changes (including US oil well productivity).
On Halliburton’s 2Q17 earnings call Monday morning, 5 of the 11 analysts asking questions wanted to talk frac sand. That’s partly because Halliburton dropped a sand bombshell during their prepared remarks – a bombshell that sparked a double digit sell-off in publicly traded frac sand equities on Monday (including an 18% intraday loss for the latest Permian entrant).
There’s a lot more to this story…
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