Black Friday has come and gone, and you still need to ideas for stocking–stuffers for your family and friends. Knowing that nothing provides the joy and satisfaction that comes from watching a Hollywood classic, Richard and John count down their top 10 list of favorite oil-centric movies.
Episode 42: Cementing Services
The global cementing services market has increased ~50% in 2017 due to the increase in footage drilled across the US and Canada. Yet, we find cementing isn’t always a huge topic of conversation. In this podcast we discuss the important purpose of cementing jobs, describe how they are performed and the materials involved.
Episode 41: Lease Operating Expenses
While breakeven costs drive new field development, lease operating expenses (LOEs) drive well abandonment. In this podcast we identify the components of LOEs and compare and contrast lifting costs for vertical and horizontal wells.
Episode 40: The Ups and Downs of Laterals
An emerging issue in the US oilpatch is the set of completion and production problems created by long, crooked laterals. In this podcast we discuss how prioritizing ROP (rate of penetration) over wellbore trajectory can result in increased inefficiencies in stimulation, wireline, coiled tubing and artificial lift operations.
Episode 39: Rate, Density, and Time
Active horsepower and proppant volume typically are the two ways used to gauge the condition of the frac service industry. In this podcast we discuss the disconnect that has emerged between these two metrics since 2014; one shows robust growth while the other indicates no change. What’s going on?
Episode 38: Oilfield Inflation Trends
US land drilling activity peaked and then declined slightly during Q3 2017 as operators adjusted their capex budgets in light of softening oil prices. But what was happening in the regions and market segments where oilfield inflation was still rising in the third quarter?
Episode 37: Profitability Isn’t What It Used To Be
Although activity is up sharply this year, oil service firms have yet to see their profitability return to the pre-2015 levels that investors expect. In this podcast we discuss how the “lower-for-longer” mindset driving the focus on efficiency is shifting the oil service industry discussion from “return on sales” to “return on assets”.
Episode 36: Who’s #1?
Thousands of equipment and service firms participate in one or more of the many different market segments that comprise the upstream sector of the global petroleum industry. In this podcast we tell you which firm is currently the market share leader in each of 32 segments, as documented in our Oilfield Market Report.
Episode 35: Questions From the Field
With 2017 now mostly in the books, attention is shifting to issues that might impact the oilpatch over the mid-to-long-term. We're answering questions like: When will the rate of oilfield inflation slow down? When will offshore activity start growing again? Why is Unit Manufacturing the most volatile of all the OFS market segments?
Episode 33: Well Intervention
Well intervention is a term that has different meanings for drilling, completion, and production operations. In this podcast we discuss one of the segments of the well intervention market, the rental and fishing services sector, its drivers, and its main tools.