oilfield insights

Clearing up the Media’s Account of Drilling Activity, US Rig Count -5

To no surprise to an experienced oilfield professional, rig count dropped a few rigs this week. The decline was all oil wells. Everyone is keeping a close eye on the WTI and Brent prices to understand the impact to their business and customers.This week Permian Basin is +2 compared to previous week and +95 compared to last year at this time. Eagle Ford is -3 compared to last week and -20 compared to last year. Click here to see the interactive weekly insights...

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Rig Count Declined This Week to 1842 from 1855

Welcome back from Thanksgiving! It is time to get the last remaining items accomplished by the end of the year! If you were busy eating turkey and shopping, then you may be jolted back into the market's reality today. US onshore rig count down to 1842, -13 from last week Rig counts declined this week to 1842 from 1855 last week for US lower 48 onshore rigs.  The decline is not substantial but Friday's events in the market were a surprise for many...

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Eagle Ford down 17 Rigs Compared to Last Year

Rig count remains an important indicator of oil and gas activity; however, the drops in oil prices reflect a changing dynamic in the industry. With oil prices declining, many expect to see rig count drop significantly by the end of the year. Our view is that there will likely be some leveling off this year but not a significant amount until 2015 budgets are set.This week Permian Basin is -3 compared to last week and +95 compared to last year at...

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Halliburton Acquires Baker Hughes for Integrated Platform or Pricing Protection

Halliburton (NYSE:HAL) acquired Baker Hughes (NYSE:BHI) creating an $80bn oilfield service company second only to Schlumberger (NYSE:SLB) in market capitalization. Market Share Impact We took a look at our Frac & Proppant Database this morning to get some insight on the market share of the companies. We estimate that the combined company would represent an approximate 40% share of the Frac Market with varying share mixes in different basins/regions.There are several areas where one company is significantly stronger than the other (Williston, Eagle...

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Are Rumblings of Rig Count Declines True?

Rig count remains an important indicator of oil and gas activity; however, the drops in oil prices reflect a changing dynamic in the industry. With oil prices declining, many expect to see rig count drop significantly by the end of the year. Our view is that there will likely be some leveling off this year but not a significant amount until 2015 budgets are set.This week Permian Basin is +1 compared to last week and +98 compared to last year...

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Permian Basin Leads with 560 Rigs

Oil prices started declining this week and the "market experts" are proposing doom and gloom scenarios. While $30-60 oil is possible we do not believe that it is likely given today's market conditions. Uncertainties are in every facet of the conversation - global demand, terrorism, OPEC pricing, US energy independence. Each uncertainty is dynamic, fluid, and ever changing.We watch the all aspects of the supply chain across O&G to get a measure of activity and velocity of operator's exploration and...

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Energent Group MS Excel Spreadsheets Are Not The Problem

Excel Is Not the Problem, Data Integration Doesn’t Have to Be Such a Pain

Have you ever taken a look at a spreadsheet that was filled with good, detailed and relevant information and had no idea what you were looking at? Actually, don’t answer that - consider it as a rhetorical question. In the oil and gas industry, long, complicated spreadsheets are the norm, and we know you’ve been neck deep in that sort of information before.It’s a very common problem, and engineers and analysts are notorious for creating sophisticated spreadsheet solutions that...

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Energent Group Mobile Apps and Technology

Wrapping It All up in One Neat Little Package

This is the final article in a five-part series. Now that you’re this far into our series, you’re probably realizing that mobile technology really is the future of the oil and gas industry, and just how much it can do for you. We’ve recommended some mobile apps in the past, and hopefully you’ve gotten the chance to give them a try already.When it comes to using mobile and web apps in this industry, there is one thing we always stress...

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