Richard and John discuss some of the questions they’re hearing from the field:
When will rig count bottom out?
How fast are well costs changing?
How will personnel logistics impact drilling/frac efficiency and offshore drilling?
Does US Oilfield Spending Go To $0?
Richard and John discuss why US oilfield spending will not fall to $0, even in a world of $25 oil. Other topics discussed include:
Will OPEC++ emerge?
High oil prices lead to low gas prices. Will the reverse be true?
Where to find the most recent information on oil and gas markets
WaffleHouseIndexRed
A Unified Theory of the Oilpatch
Global oil inventories are set to increase due to the drop in oil demand and the rise in OPEC+ output. Richard and John discuss how much inventories might rise, how long it will take before they are back to normal, and the implications for US oilfield activity, oil production and oil prices.
$32 oil. What now?
Richard and John discuss the near-term impact of $32 oil on drilling and completion activity and revenues for selected market segments and oil service companies. In addition, they consider how the drop in drilling and completion will impact US oil production and what that means for the long-term outlook for oil prices.
An Oilfield Crime
Richard and John discuss the “Killers of the Flower Moon”, a book (and soon to be a movie) about a 1920s conspiracy to murder Osage Indians for their oil royalties and what became one of the FBI’s first major homicide investigations.
Effective or Merely Efficient?
Richard and John discuss the winners and losers from the three-fold improvement in drilling and frac efficiency realized over the past couple of years.
A Good Combination?
Richard and John discuss the merits of combining Halliburton and TechnipFMC from the viewpoint of customers, investors, and Jane Austen.
ESG Part 3
In the last of a three-part series on ESG issues, Richard and John discuss governance issues such as management structure, executive compensation, employee relations and corruption. Investors are increasingly using these factors to evaluate operators and oilfield service firms. Other topics addressed include:
What are the differences between the US, Canada and Europe, regarding the basic purpose of corporations?
Does sustainable investing improve returns?
ESG Part 2
In the second of a three-part series on ESG issues, Richard and John discuss social issues such as diversity, human rights and security that investors are increasingly using to evaluate operators and oilfield service firms. Other topics include:
ESG Part 1
ESG (Environmental, Social and Governance) issues play an increasing role in investors’ financial decisions regarding operators and oil service firms, and these groups have begun to take action in response. Richard and John discuss whether these actions are happening fast enough relative to non-industry expectations.