Macro/Headlines/Events BKR U.S. Land Rig Count: +3 rigs w/w to 756. Although we had a slight uptick in the rig count last week, December 2022 and January 2023 were both lower m/m. Source: Bloomberg/Baker Hughes/DEP FT- What China’s reopening means for…
THRIVE 2022 Conference: Our weekly pestering kicks off as we try to encourage folks to register for THRIVE. We are tracking roughly 220 registered companies and 450 registered individuals; however, a number of sponsors/exhibitors have yet to register a single person. We employ this…
DEP Updates: We have a couple spots remaining at our November 10th golf outing. If the Astros lose tonight, which after the grand slam by Duvall looks likely, then you’ll see us in Midland on Tuesday/Wednesday. We’ll be in the DFW area late next week. Also,…
Upcoming Events: The DEP team will host a reception in Midland on August 9th along with small reception in Houston on August 12th. Next Sunday, we’ll recap a recent Marcellus trip where our team toured a low-emission electric fleet powered by gas genset technology. Permian…
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…
We have updated our active frac crew count worksheet as well as compiled a list of frac crew anecdotes from Q2 earnings season. Our active tally now stands at ~111 fleets. This tally is derived from public disclosures, industry sources, company specific discussions and…
Better late than never. Daniel Energy Partners had the joys of driving our daughter’s car to the Northeast last week for college; attending our son’s delayed high school graduation in Virginia on Saturday and then making a surprise trip to North Carolina to see…