Topic: Oilfield Services Companies

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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U.S. Land Rigs Drop to 834

The BHI land rig count dropped -10 rigs (or -1.2%) to 834 rigs from last week's 844. The WTI crude oil price closed last week at about $60 per barrel. Oil-directed rigs dropped -12 rigs (or -1.9%) to 619 from last week's 631. Compared to this time last year, oil-directed rigs are down -58%.Summary of Shale PlaysPermian Basin -0.4% to 232 rigs, compared to last week’s 233 rigs Eagle Ford +2.8% to 110 rigs, from last week's 107 rigs Williston Basin -1.3% to...

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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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