Macro/Headlines/Events Baker Hughes Rig Count down 2 rigs w/w to 734. February was down 22 rigs month/month. Source: DEP/Baker Hughes WSJ- Energy Industry Wrestles Over Going Green Too Fast- Link WSJ- How Gas From Texas Becomes Cooking Fuel in…
DEP Update: Dividing and conquering again this week as half the team heads to Midland while the other half is conducting E&P meetings in Houston. Our Midland reception is on Wednesday, so email us if you would like to swing by. Lastly, we are…
This past week we completed another Permian trip as we travelled west to attend a ChampionX open house featuring its recently acquired Scientific Aviation business (more below) while we also summarize a Marcellus frac site tour from two weeks ago. We return to the…
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,…
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…
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…