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…

DEP Update:  Happy New Year!  An early release today as we will soon depart North Carolina to return to Houston.  Kicking off this weekend’s note is our first Ruminations piece by our newest team member, Bill Herbert.  This, in our humble opinion, is a…

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-…

Headline OFS news this morning is encouraging as a consequential M&A deal within pressure pumping is announced. SLB and LBRT jointly announced that SLB will contribute its pressure pumping business into LBRT for a 37% ownership interest in LBRT. The combined company is sizeable…