Macro/Headlines/Events BKR U.S. Land Rig Count: Declined 10 rigs this week with rig count now below 700 rigs for the first time since May 2022. Stepping back and looking at the decline relative to the Q4 peak, the biggest percentage decline has occurred…
Macro/Headlines/Events BKR U.S. Land Rig Count: Down 8 rigs w/w to 725 rigs. WSJ- Big Oil Has $150 Billion in Cash and Investors Want a Share Link FT-Falling crude prices and recession fears bring US oil and gas rally to…
Macro/Headlines/Events: Baker Hughes U.S. onshore rig count +5 last week from 727 to 732. WSJ- America’s Oil Patch Loses Its Luster- Link WSJ- Billionaires are betting on fusion technology as a source of almost limitless energy Link FT- US renewables industry joins…
Macro/Headlines/Events BKR U.S. Land Rig Count: Down 6 rigs w/w to 727 rigs. Earnings Calls this Week (cst): Wed 4/19- BKR 730am , KMI 330pm Thu 4/20- LBRT 900am Fri 4/21- SLB 830am WSJ- Saudi Arabia, U.A.E. Scoop Up Russian Oil…
Macro/Headlines/Events Baker Hughes onshore rig count was down 3 w/w to 733 rigs. The rig count is down 34 rigs from the 2022 high in November of 767 rigs. WSJ-Saudi Arabia-Led Oil Cuts Run Into Gusher of Alternative Supplies- Link WSJ- Exxon Mobil…
Macro/Headlines/Events Exciting Monday as OPEC surprises the energy world with 1MM BBL/day cut to production and a nice size M&A transaction in the market. BB- Ovintiv to Buy EnCap Permian Oil and Gas Assets for $4.3B ($3.1B cash and 32.6MM shares) Deal…
In Basin Observations Podcast – Infinity Water Solutions In this episode of the podcast, recorded live from Minute Maid Park in Houston, Texas, Mike Dyson and Chris Caudill of Infinity Water Solutions join Bill to discuss their backgrounds and the founding of their company.…
Macro/Headlines/Events Baker Hughes Rig Count- The U.S. onshore rig count was down 1 rig w/w to 731. WSJ- Clean and Cheap Oil Is a Heavy Lift- Link FT- The rare earths race entails difficult choices- Link WSJ- Biden Declares U.S. Arctic Ocean…