The Drilldown: In-depth answers to oilfield questions
Richard & John Spears answer your questions & discuss the oilfield services business. Got a question? Send it to email@example.com New episode every Monday!
info_outline Ep139- Did the oil & gas industry turn a corner these past few weeks? 12/09/2019
Ep139- Did the oil & gas industry turn a corner these past few weeks? Aramco going public, the switch from production growth to profit growth, and companies ability to deliver on profit growth.
info_outline Ep138: ‘Tis the Season: The Takings (not Santa) Clause 12/02/2019
Ep138: ‘Tis the Season: The Takings (not Santa) Clause Some presidential candidates have proposed to ban fracking, if elected. Richard and John discuss how such proposals would fare considering the Fifth Amendment and the impact on state governments.
info_outline Ep133: The Risk of Selling Days 10/21/2019
Ep133: The Risk of Selling Days Richard and John discuss the impact on oil service companies whose services are priced per day when productivity soars and whose costs are incurred per foot drilled. Can long-established pricing practices change?
info_outline Ep131: Resetting the Bar 10/07/2019
Ep131: Resetting the Bar Baseball, rig activity, and oil prices. Exploring the relationship between oil prices and US monthly rig activity. We dive deep into historical data, going back to 1986, to explain why US rig count has fallen this year and what we should expect going into 2020. Produced by Charlie Spears
info_outline Ep130: Is it the oil industries' job to replace itself? 09/30/2019
Ep130: Is it the oil industries' job to replace itself? Many activist investors are pushing the oil industry to transition or replace itself. Richard & John discuss. Produced by Charlie Spears
info_outline Ep124: How We Think About Inventories 08/05/2019
Ep124: How We Think About Inventories Will OPEC+ be successful in its effort to reduce oil inventories in order to boost prices? Richard and John discuss whether this goal has already been met and when prices might respond. Episode produced by Charlie Spears
info_outline Ep123: What We're Seeing in the Field 07/30/2019
Ep123: What We're Seeing in the Field Operators and oil service firms have been reporting their Q2 results and what they expect to happen over the near term. Richard and John discuss their key takeaways about activity and the implications across the supply chain.
info_outline Ep120: When Does US Output Stop Growing if Oil Prices Don't Change? 07/01/2019
Ep120: When Does US Output Stop Growing if Oil Prices Don't Change? We discuss the outlook for US crude production under various price/capex scenarios and speculate about the assumptions underlying the EIA forecast of US oil output.
info_outline Ep119: What Drove the Keane/C&J Merger? 06/24/2019
Ep119: What Drove the Keane/C&J Merger? In response to listener's questions, Richard and John discuss the factors that drove the recent merger between Keane Group and C&J Energy Services. How will this affect competition in the oilfield service industry? Produced by Charlie Spears
info_outline Ep119: We Review Our Predictions for 2019 06/17/2019
Ep119: We Review Our Predictions for 2019 Our mid-year review! Last January (Ep96) we made some predictions for 2019. How are we doing? This episode we talk crude price volatility, Weatherford, and average frac sand per well. Episode produced by Charlie Spears
info_outline Ep117: What's Your Breakeven Price? 06/10/2019
Ep117: What's Your Breakeven Price? While the average breakeven price is often cited for understanding which plays are most profitable, the range of breakeven prices within a play is less reported. Richard and John discuss how the range of breakeven prices from high to low is useful to understanding how much activity might rise or fall as price expectations move up or down.
info_outline Ep116: Production Decline - Can the US stay on the hamster wheel? 06/03/2019
Ep116: Production Decline - Can the US stay on the hamster wheel? What would next month's US production look like if we stopped drilling wells today? John describes how new wells are masking steeper domestic production declines. Can the US keep up with the high demand for new wells? Produced by Charlie Spears
info_outline Ep115: In Flander's Field 05/27/2019
Ep115: In Flander's Field A brief departure from our normal podcast. Today we remember those who have sacrificed for our country. "In Flanders Field" by John McCrae "In Flanders fields the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below. We are the Dead. Short days ago We lived, felt dawn, saw sunset glow, Loved and were loved, and now we lie, In Flanders fields. Take up our quarrel with the foe: To you from failing hands we throw The torch; be yours to hold it high. If ye break faith with us who die We shall not sleep, though poppies grow In Flanders fields."
info_outline Ep114: The EU and the US Oilpatch 05/20/2019
Ep114: The EU and the US Oilpatch As a group, ROE for publicly-traded US operators rose to a five-year high in Q4 2018 as production increased and cost per barrel held steady. But the overall results were skewed by the good performance of the largest operators, as smaller firms remain under pressure to cut spending. Richard and John discuss how the financial health of US operators resembles the problems faced by the EU in stimulating its economy.
info_outline Ep113: Merle Haggard, Diminishing Returns, and Market Forecasting 05/13/2019
Ep113: Merle Haggard, Diminishing Returns, and Market Forecasting Richard and John discuss why “leading edge” completion designs appear to be stabilizing but why proppant use per lateral foot is expected to continue rising.