In the third of a two-part series Richard and John discuss how challenges in implementing net-zero emission (NZE) plans could revise the (bearish) long-term outlook for oil and gas demand. What are some of the key issues that could impact how quickly NZE goals will be realized?
Net-Zero CO2 Emissions and Wet Frac Sand: Part 2
In the second of a two-part series, Richard and John discuss how current drilling and completion operations are being impacted by long-term climate change expectations and what the implications could be for US oil and gas production.
Net-Zero CO2 Emissions and Wet Frac Sand
In the first of a two-part series Richard and John discuss how long-term climate change goals are impacting current drilling and completion operations.
Costs, Capex, Elasticity and Prices
Richard and John discuss the factors driving the Q1 increase in US drilling and completion costs, the capital spending outlook for US operators, oil demand elasticity and the outlook for oil prices.
How Rising Oil Demand and Increased EV Infrastructure Are Related
Richard and John discuss how two items recently in the news – OPEC+ plans to increase output and Biden Administration proposals for building new EV charging stations – are related.
What We Expect In Q2 2021
Richard and John discuss four oilpatch events/trends they expect to emerge in Q2 2021: shortages, restructuring, bifurcation, and SPACs.
What We’re Hearing From the Field
The ongoing recovery in US drilling activity has caused some spot shortages for materials to emerge. At the same time, the number of new job openings for oil service workers has more than doubled since Q4 of last year. Richard and John discuss what this might mean for the cost to drill and complete wells, efficiency, and where the next shortages are likely to appear.
An Oilpatch Vaccine?
Richard and John discuss whether net-zero initiatives will be sufficient to keep ESG-sensitive funds invested in oil companies. Plus a Gilbert and Sullivan reference!
Rules of Thumb
Richard and John review information regarding recent trends in oil service activity and pricing found in the Spears industry dataset.
Last Week’s Most Important Price News
Lost in last week’s headlines about sub-zero temperatures, rolling blackouts and soaring energy costs was news about what has become the most important price for the US petroleum industry. Richard and John discuss SCC and its impact on the oil and gas sector.