Tag Archives: pressure pumping

The very latest on what the 5th largest pressure pumping company in the US is doing to their fleet to try and capitalize on a hot market. The strategy doesn’t involve newbuilds, but it does include some interesting tweaks. There’s a lot more to this story… Login to see the …

The OneStim JV between Schlumberger and Weatherford contemplated in March of 2017 has broken apart. Instead, Weatherford sold off its idled pressure pumping business to Schlumberger. What does this mean for the players and the market? We have some thoughts here… There’s a lot more to this story… Login to …

This year, we’ve found it helpful to keep an eye on the frac spread count (FSC) maintained by Primary Vision, Inc. So we called our friend Matt Johnson, a principal at the data firm that maintains the FSC, to learn more about how this metric came to be and the methodology behind …

50% of the 70 industry respondents to our recent 2018 outlook survey predicted that the US frac spread count would return to the prior cyclical high (450) next year. In our analysis of the survey results, we noted that this development would require material frac horsepower newbuild orders to be placed. …

On Tuesday, Forum Energy Technologies said their NAM completions business has become their largest revenue generator. Completions and production/infrastructure (C&P) segment revenues contribute 80% of the global oilfield products company’ top line. Moreover, 85% of Forum’s sales are onshore and 80% come from North America (NAM). This is a company …

During earnings season, an ocean of content comes at you fast. 7,000 words are spoken on the average earnings conference call. There were 27 oilfield earnings conference calls this week. We did the math. That’s the word count equivalent of 200 Infill Thinking posts. How much of this info overload …

Superior Energy Services, the ninth largest US pressure pumper by active horsepower, spoke comprehensively about the North American oilfield service market (and Permian completions in particular) on Tuesday morning. We’ve organized our notes from the conference call into the following key points. There’s a lot more to this story… Login …

Halliburton hosted what we saw as a generally positive and realistic conference call Monday morning. The stock took a hit, we believe due to slowing NAM cyclical growth overall not because of HAL-specific concerns. The US rig count is pulling back as expected. In that context, Halliburton is focused on …

Pressure pumping is heating up fast. After reactivating two frac spreads since mid-December, Patterson-UTI revealed yesterday that it will reactivate a third in 2Q17. After it closes on the Seventy-Seven acquisition, we estimate Patterson-UTI will be the fifth largest pressure pumper in the US. That means they get calls from …

Following the well received initial public offering floated by Keane Group (ticker FRAC) in January, ProPetro filed for their IPO on Wednesday. They take the ticker PUMP – stale oilfield comp sheets are getting a trendy new makeover. This Permian pumper is going to grow fast – sign in to read all …