The recently-announced combination of Liberty and Schlumberger is shaking up the NAM frac market. Richard and John discuss the outlook for activity and pricing over the coming year.
How It’s Made – The Oilfield Market Report
Richard and John discuss the process used to create and update the market size and share estimates found in the Oilfield Market Report.
What’s Going On With Natgas Prices?
Richard and John discuss how a recovery in the US LNG export industry appears to be driving natural gas prices to multi-year highs. Other topics addressed include city slogans:
“Las Vegas - if Ned Flanders Ran It”
“The Canoe Capital of Ohio”
“The Watermelon Capital(s) of the World”
WWWD: What Would Warren Do?
Richard and John discuss the three factors driving capital investment going forward and the market segments investors might expect to see most benefit in each phase.
The Outlook for Technology Development
With reserves plentiful but facing limits on CO2 emissions, oil companies are re-focusing their R&D programs. What implications does this have for the oil service sector? Other topics discussed include:
The link between oil service revenues and R&D budgets
R&D’s “Blutarsky moment”
The optimal length of a lecture
What Do Q2 Results Mean for the Oilpatch?
Richard and John contrast and compare the Q2 financial results of major oil service companies for clues about what is happening in NAM and International markets and the implications for technology development.
Seasonality and the US Oilpatch
Richard and John discuss why Q4 activity has been soft in recent years, and whether this will be a feature of the US market going forward. What implications does this have for Q1?
The Outlook for Well Costs
Is the decline in oil service pricing nearing an end? Richard and John review the most recent well cost numbers and discuss the outlook for oilfield pricing. Other topics addressed include:
Movie titles with the most punctuation
Tragedy or Comedy: What Oil & Gas Can Learn from Broadway
Richard and John discuss the similarities and differences between the theatre business and the oil and gas industry, and the challenges each faces in recovering from the pandemic. Other topics addressed include:
Movies with an exclamation point in the title!
Damage Assessment
Richard and John discuss how much oilfield product/service line revenues were impacted in Q2 as operators slashed capex, and what this means for supply chain resiliency.