In this podcast, Richard and John discuss institutional investor actions that could support the creation of new, large scale ($10 billion market cap) oil service companies and identify three types of diversified enterprises that might emerge.
Episode 102: Consolidating the Oilfield: Part 1
Although North American activity has increased 250% in the three years since the bottom of the oil price cycle, oil service firms have yet to see their profit margins recover to “normal” levels. Richard and John discuss the advantages of consolidation and the potential emergence of new “segment champions”.
Episode 101: Secrets to Successful Collaborations
Development and commercialization of innovative oilfield technology can require the close collaboration of an entrepreneur, a service firm, and an operator. In this episode, Richard and John identify six questions which successful collaborations must address.
Episode 100: The Centennial Edition
In celebration of the 100th episode of the Drilldown, Richard and John review the genesis of the show and listenership trends, and discuss what’s next for the series and the company.
Episode 99: Useful Averages
In this episode Richard and John share their tried and true 10 “rules of thumb” for tracking and estimating drilling and completion markets.
Episode 98: All Models are Wrong; Some Are Useful
Knowing that an accurate forecast can be an important part of a good decision, we’re always interested in how to improve models by reducing uncertainty and bias. In this episode, John and Richard discuss sources of common modeling errors, such as recency bias, availability bias, and anchoring.
Episode 97: The Day the Oilfield Changed
The Day the Oilfield Changed is a series reviewing technical breakthroughs or commercial developments which have fundamentally altered the nature of the upstream petroleum industry. In this episode we discuss the beginnings of hydraulic fracturing and its relationship to the US strategic helium reserve.
Episode 96: Nostradamus (The 2019 Edition)
Richard and John start the new year with predictions for 2019 regarding oil price volatility, the December 2020 futures price, the likelihood of a takeover of WFT by its bondholders, whether frac sand consumption per well will continue to increase, and the outlook for the subsea tree market. And, they review the EIA’s forecast of 2019 US crude oil production.
Episode 95: Reviewing Our Predictions
A major question to any intelligence firm is how accurate its market predictions are. In this podcast Richard and John review their year-ago predictions for oil prices, frac sand demand, horizontal lateral length, “big data” M&A, and subsea equipment market size.
Episode 94: The (Oilfield) Word of the Year
Richard and John debate, discuss, and vote on their candidates for the most important word or expression in the oilfield in 2018.