A quiet week on the news front, so the DEP team used the downtime to conduct another equipment tour – this time visiting the new HAL Zeus Pump. Below, we summarize our equipment impressions as well as bloviate on our take on the eventual…
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…
This week we update our rig and frac crew forecast to reflect an improving commodity backdrop as well as to reflect observations imparted during Q4 earnings season. We also summarize a recent field tour where we learned about a new product offering. Upcoming DEP…
Very busy week last week as we were consumed by the inaugural THRIVE Energy Conference, thus a somewhat low calorie note this weekend. Given our lack of free time last week, we haven’t fully digested all of the Q4 earnings calls in recent days,…
Happy Valentine’s Day. We submit a great way to kick off a romantic Valentine’s Day dinner is with a couple’s review of DEP’s latest thoughts, thus we send out our note an hour early this evening. Brief note this weekend as we provide high…
Just in time for the Super Bowl, DEP is out with our weekly thoughts and observations. Tonight’s note is relatively brief as the DEP team is knee-deep in THRIVE Energy Conference planning (i.e. panel question preparation, registration, etc.). Moreover, we’ve been on the road…
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…