Macro/Headlines/Events BKR- U.S. Land Rig Count was down 1 rig week/week to 753 rigs. For those that attended our Event in Scotland in late August, you will appreciate the Offshore Article below in the WSJ over the weekend. WSJ- The Offshore…
Macro/Headlines/Events BKR U.S. Land Rig Count: -1 rig w/w to 763 rigs. WSJ-Oil Price Rises After Russia Cap Kicks In- Link WSJ-OPEC+ Keeps Oil Curbs Despite Russia Price Cap- Link WSJ- Chevron’s Long Game in Venezuela Brings It Political Risk Link WSJ-…
We recently returned from our 10th trip this year to the Permian – getting in and out before the winter weather excitement. The good news is an expectation for continued activity growth, best characterized as stable-to-slightly improving. Several companies report more populated Q1 calendars…
We hope everyone had a safe and happy Thanksgiving. In light of a quiet week, we have a brief note this evening with an emphasis on DEP Upcoming Events. This coming week we will conduct an update on the CT market which we’ll summarize…
DEP Upcoming Events: We return to the Permian tomorrow for a three-day tour. This trip will include a thank you reception for DEP subscribers and supporters – we have a few open seats, so let us know if you are in town. On December…
Now that we are essentially through Q3 earnings season, this weekend we reviewed E&P commentary regarding near-term capital spending and activity trends. Where possible, we highlight Q4 and preliminary 2021 guidance as well as convey go-forward activity assumptions as provided. As expected, E&P capital…
Introduction Last week we enjoyed a day trip to North Texas and then took a day off to cook BBQ for local Houston politicians (Crenshaw and Hunt). The good news is the food turned out ok, but the bad news is two days out…
Quiet week last week, thus a short note this weekend. First, a reminder that our transition to a new distribution system continues, so expect this exact same note sometime Monday afternoon. If you have not received our note via the new format, we believe…
This past week we headed north to Oklahoma to meet industry friends in the Sooner state. This marks our third tour through Oklahoma since the start of DEP in April. While statewide activity levels remain low, there are still lots of people to see…