Back from a week in Midland. The good news is our enthusiasm is rising as numerous discussions point to higher activity while service cost discussions featured prominently in every meeting. We elaborate below. Looking forward, our team will divide and conquer this week. Research…
The DEP father/son research team just arrived in Midland where we will spend this week as young Trevor kicks off his first summer internship. Let us know if you are open for a quick visit. Importantly, we will host a small reception on Thursday…
DEP Upcoming Events. We will host a reception in Midland on June 10th. Email us if interested. Members of the DEP team will be in Denver on June 16-17th. Let us know if we can buy you coffee or beer. We prefer the latter. Also,…
Relatively quiet week, thus a relatively short note this weekend. DEP Upcoming Events/Travels. Tuesday/Wednesday – East Texas/Bossier City. Attending an OFS auction and hosting a small group dinner for anyone in town. Thursday (5/27) – Welcome reception in Houston for our new team members. …
We have returned from a three-day jaunt to the Permian/Fort Worth. Observations below. This week we stay in Houston for company update calls. Next week the research team heads to Bossier City while the sales team heads to Whistling Straits. Life’s not fair. Near-term…
Happy Mother’s Day to all our mom readers….you are the best! DEP Travels. We drive to Midland tomorrow morning for two days of meetings. Likely will assemble a small group dinner Tuesday night in Midland, so if you’re up for Mexican or Italian,…
A gaggle of OFS and E&P conference call takeaways are summarized below. Admittedly, much of this is simple elevator analysis and a rehash of data points from the various press releases, IR slides and conference calls. For those who don’t have time to read…
Frac Market Thoughts: Mixed industry views on spot market activity and pricing. Here’s the backdrop. An industry market observer recently opined on the U.S. active frac market, stating a belief the U.S. frac crew count totaled as many as 220 fleets. Subsequent to this…
We recently returned from a quick three-day, ~950-mile jaunt through the Bakken/PRB. Our trip, while educational, was cut short due to weather gremlins. In fact, we witnessed first-hand operations being suspended with some companies incurring shutdowns for 1-2 days due to North Dakota high…