Insights

Ask-the-Analyst August 2019

Thursday 8/29Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. Which state uses the most #proppant? How much? Find out in the comments below tomorrow! #OilandGas #Energy #shaleTexas is the largest consumer of proppant. In Q4 2018 it accounted for a little more than half of all proppant consumption in the onshore US.Within Texas, the Permian basin region is the largest consumer, followed by the Eagle Ford.Friday 8/23Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. What's the current status...

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Ask-the-Analyst July 2019

Thursday 7/25Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. Has the #Permian bottleneck abated in 2019? What do current market signals say about this particular issue? Find out in the comments tomorrow! #OilandGas #Energy #shaleOperators in the #Permian have seen the bottleneck situation improve in the 1H 2019 mainly due to two new crude oil pipelines coming into the service: Magellan Midstream Partners’s BridgeTex II expansion (40,000 bbl/d) and Enterprise Products’s Midland-to-Sealy pipeline (45,000 bbl/d). The #Midland-to-#Houston price differential...

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Ask-the-Analyst June 2019

Thursday 6/27Ask-the-Analyst: Todd Bush, Boyd Skelton, and Tyler Webb. What is Westwood's forecasted HHP demand for the remainder of 2019? Find out in the comment section below! #OilandGas #Energy #shale #hhpWestwood is forecasting HHP demand to increase 5% from Q2'19-Q4'19 across the seven key Lower 48 basins, ending the year at roughly 15.7 million HHP.Tuesday 6/25Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Up to date with #MidCon mine construction? Will these plans move forward in 2019?...

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Are there really 4,000 DUC’s in the Permian? There might be less than you think.

How does Energent methodology compare to that of EIA?To many analysts and investors who monitor energy sector, drilled-but-uncompleted well (DUC’s) counts are an important metric along with CAPEX plans, acreage grades, and regional risk factors that might affect the production level in the near-term. As E&P’s increasingly focus on optimizing field development through multi-well pad drilling in a factory style[1], it is important to understand how this phenomenon could impact the DUC’s going forward. Energent’s undertaking begins with a well-by-well...

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Did Keane and C&J Jump Start Pressure Pumping M&A?

C&J Energy Services and Keane Group announced a $1.8 billion all-stock merger on Monday morning. If completed, the deal will create the third largest US pressure pumper in terms of total hydraulic horsepower (HHP) capacity.Based on Energent's Lower 48 Horsepower and frac crew data, the combination of the two Houston-based pressure pumpers would result in roughly 2.3 million HHP capacity, ranking the newly combined entity behind Halliburton and Schlumberger in total capacity. BJ Services would drop to fourth at...

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Ask-the-Analyst May 2019

Friday 5/31Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. On average, how many days did Permian operators take to file completion reports to TRRC? Find out in the comment section below on Monday! #OilandGas #Energy #shaleIn the Permian, it took about 5 months to report their completion activity. However, Delaware operators took a few more days (8 days).Tuesday 5/28Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. Which basin had the highest per well proppant usage for horizontal wells? Analyst...

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Marcellus and Eagle Ford Well Highlights

Chesapeake Energy in Marcellus (2019-04-10)Chesapeake Appalachia completed new well Adams 2H in Wyoming, PennsylvaniaAdams 2H tested April 10 for 25,986 MMcf of gas over 24 hours. Adams 2H is reported to have a vertical depth of 7,788 ft and a measured depth of 16,944 ft. The 9,156 ft lateral is perforated from 8,025 ft to 16,809 ft with 34 stages. Frac, flowback, directional, and casing vendors are BJ Service, Falcon Flowback Services, Halliburton, and Pipeco Services.Southwestern Energy completes 85 stage well in MarcellusSouthwestern Energy completed a...

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Ask-the-Analyst April 2019

Tuesday 4/30Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. What would an acquisition of Anadarko Petroleum Corporation by Oxy or Chevron look like for the #Permian basin? #OilandGas #Energy #shaleIf either Oxy or Chevron acquired Anadarko Petroleum Corporation, they would become the second largest proppant user in the Permian basin (based on 2018 data). Pioneer Natural Resources Company would still remain the largest user by 1 billion pounds, but Oxy would become the largest operator by number of fracs.Thursday 4/25Ask-the-Analyst: Todd Bush,...

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