We shine our spotlight on a Eagle Ford drilling leading indicator after our recent trip to the basin to gather firsthand market intel… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. …
Read More »Permian Rigs & Horsepower Down, Frac Stages Up… But The Permitting Tea Leaves Still Matter For Both Surface & Sub-Surface Trends
In 2019, doing more with less continues to be a key oilfield theme. Frac and rig crew efficiency gains, more zippers, bigger pads, and streamlined logistics all mean that E&Ps are getting more sub-surface contact out of the same or less contracted oilfield equipment on the surface. The result? A …
Read More »If You Are Marketing MidCon Rigs… The Trend Is Not Your Friend
Well… the Saudi drone strikes did nothing to curb the unyielding US rig count decline last week. The chart below maps the major basins year-to-date to see where the pain’s been the greatest. Marketing MidCon rigs is such a tough sell right now that it might take the swagger right …
Read More »This US Drilling Drought Is Right Up There With The Longest Dry Spells In Modern Oilfield History
There have only been two periods of time in the past two decades with… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new to Infill Thinking, or your …
Read More »Which Basins Have Been Beaten Up The Worst In The Unyielding Drilling Activity Decline Of 2019?
Rig count. Yep… it’s down again. It’s been X weeks since the US onshore rig count registered an uptick. Year-to-date, the US onshore rig count is down X rigs. As the unyielding drilling decline continues, it’s worth noting how… There’s a lot more to this story… Login to see the …
Read More »Lower 48 Drilling Activity Falls To Nearly A Two Year Low
Analysis of the deep cuts in drilling activity across multiple basins last week… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new to Infill Thinking, or your membership …
Read More »An Important Inflection For Permian Drilling This Summer, Predicted By Permits
The rate of positive growth in Permian drilling activity began to slow down in mid-2017. It stagnated in 2018. And it has faded into contraction in 2019. Over this period, the relationship between… There’s a lot more to this story… Login to see the full update… To read this update …
Read More »What Does It Say About E&P Appetite When Rig Contractors Can’t Even Drill For Free?
One day, we’ll all be able to tell our grandkids “I was there when contractors couldn’t put rigs back to work for free.” US onshore operators have lost their appetite for growth so much so that… There’s a lot more to this story… Login to see the full update… To …
Read More »Cloudy With A Chance Of Falling Rig Counts – Nabors Customer Survey Jives With Infill Thinking’s Recent Surveys…
Nabors recently released the 2Q results from its quarterly customer survey. In this update we examine how their results compared with several operator surveys and studies we conducted in May and July… There’s a lot more to this story… Login to see the full update… To read this update and …
Read More »Land Driller CEOs Concede The Staying Power Of The Unyielding Rig Count Slide
In our regular weekly rig count update, we highlight some recent commentary from two leading land drillers on market trends in the Lower 48 rig market. This commentary confirms two recent Infill Thinking exclusive reports… There’s a lot more to this story… Login to see the full update… To read …
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