Permian Observations. We had the pleasure of returning to the Permian once again with this trip marking the 113th night we have stayed at a Hilton properties YTD (not all work related, however). On this field visit, we caught up with contacts in multiple segments,…
We recently returned from a quick three-day, ~950-mile jaunt through the Bakken/PRB. Our trip, while educational, was cut short due to weather gremlins. In fact, we witnessed first-hand operations being suspended with some companies incurring shutdowns for 1-2 days due to North Dakota high…
Light incremental news again this week despite the fact an industry investor conference took place. Normally during conference season one would expect to see some 8-K’s with newsworthy items, but nothing really jumped out to us. The most newsworthy item, in our view, is…
Headline OFS news this morning is encouraging as a consequential M&A deal within pressure pumping is announced. SLB and LBRT jointly announced that SLB will contribute its pressure pumping business into LBRT for a 37% ownership interest in LBRT. The combined company is sizeable…