The US government has approved two rounds of “Paycheck Protection Program” (PPP) funding totaling nearly $700bn. The program offers partially forgivable loans of up to $10mm for companies with 500 or less employees. The funds are trickling into the oilfield, and rightly so. Here’s a look at the energy companies …
Read More »Permian Frac Sand Plant De-Rating [Chart Of The Day]
Permian sand plant staffing reductions effectively de-rated production capacity in 4Q19. The trend in this chart helped set up the supply crunch we’ve dubbed Sandemonium when customer budgets reset seasonally in January… There’s a lot more to this story… Login to see the full update… To read this update and …
Read More »Frac People On The Move During 2019
In a recent year-end review, we shared our top 19 stories from 2019 in frac sand and oilfield water as measured by membership interest. Before we leave 2019 behind and fully focus on the new year, we have one more year-in-review recap for you. This one summarizes the installments in …
Read More »10 Frac Supply Chain Executives On The Move
Individuals are often overlooked in this asset-intensive sector, but talent shifts can have big implications for value creation, oilfield trends, sales and competitive dynamics. They also have implications for people conducting business all across the frac value chain. Without further ado, here are… There’s a lot more to this story… …
Read More »Ranking E&P RIF Risk With A New Staff Efficiency Benchmark [Chart Of The Day]
For years – even before capital discipline started trending in 2017 – Wall Street research analysts have constructed models to benchmark the effectiveness of E&P capital deployment. But what if we turn the logic around a bit and look for layoff risk indicators in the size of… There’s a lot …
Read More »A First For The US Local Sand Workforce [Chart Of The Day]
For the first time since the disruptive local sand shift began back in 2017, the total workforce employed by the US local frac sand mining industry has… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you …
Read More »Permian Frac Sand Workforce Peaks & Dips For The First Time [Chart Of The Day]
Earlier this year, Infill Thinking predicted that the Permian frac sand workforce would peak during 2Q19. Analysis of 2Q19 actual workforce trends confirms the prediction has panned out. There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, …
Read More »What Labor Loss? So Far Re-Hiring Concerns Seem Overblown
In the US onshore market, skilled workers are returning to the oilfield jobs they were doing a couple years ago en masse. We talked to a drilling consultant in West Texas this week who has been filling his days with dirt work during the downturn. He just got called back …
Read More »The O&G Job Creation Engine Is Firing Again
In the US, the O&G industry has begun to hire staff again for the first time in two years. We snapped this encouraging photo in front of a Halliburton completions yard while touring the Permian Basin in early-December. Source: InfillThinking.com Given what we know about the ongoing recovery and a …
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