A day late, but hopefully not a dollar short. Apologies for a delayed note, but the DEP team took Easter weekend off to go see the kids and parents with travels this past week taking us first to Midland for three days followed by…
Oklahoma/Denver Recap: We spent two days in Oklahoma and a day in Denver last week. The meeting schedule included updates with pressure pumping, land drilling, well service, E&P, pump-down and diversified oilfield service companies. The mood this trip was clearly better than our visit…
A long note so grab your preferred beverage and read on. Federal Lands Anecdotes: Not trying to get political in our weekly epistle, but a well service contact reports rigs being released this week from work on Federal lands. These were production rigs,…
Below are our takeaways from several news events this past week. Also, we share the latest update on the THRIVE Energy Conference & Expo which is now 5 weeks away. ProPetro Services: Tier 4 DGB Purchases. Constructive news from ProPetro Services earlier this…
Q4 Earnings Season kicks off this week with HAL leading the way on Tuesday. These are themes we’ll be looking for over the next few weeks: (1) E&P commentary with respect to free cash flow allocation – we don’t envision publics talking up further…
THRIVE Energy Conference. Attached is the preliminary agenda for the Daniel Energy Partners THRIVE Energy Conference. The registration link for the conference is expected to be emailed tomorrow evening, so be on the lookout. As a reminder, we have secured…
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…
A few quick observations this week on the near-term rig count as well as some other oil service considerations. DEP Update: We are driving the smoker up to East Texas tomorrow to BBQ for some local clients. If you are in the Marshall…
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…
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…