Market Trends
Patterson UTI’s Perspective in Q1: KEY Takeaways
By the end of 2023, PTEN plans to convert the ninth spread, increasing the total frac spread count to 13....
Read moreDetailsPrecision Drilling’s Perspective in Q1: KEY Takeaways
From Q1 2022 to Q1 2023, Precision added nine rigs in the US onshore. In Q2, PDS expects normalized margins...
Read moreDetailsProPetro Holding: Q1 TAKE THREE
PUMP's effective frac spread utilization increased by one in Q1. Adjusted EBITDA margin expanded by 400 basis points. Free cash...
Read moreDetailsRPC’s Perspective in Q1: KEY Takeaways
In the near term, RES is not planning to add to its fracking capacity but improve the quality of its...
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How is Russia Doing Under Sanctions?
There are many important nodes that we need to track and trace in order to stay ahead of the curve...
Read moreDetailsNBR’s Perspective in Q1: KEY Takeaways
Margin growth in NBR's US operations can stall in Q2. However, day rates and margins to expand in the Middle...
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NexTier Oilfield’s Perspective in Q1: KEY Takeaways
After Q1, NEX lined up another eight natural gas-oriented frac spreads for retirement in response to the natural gas price...
Read moreDetailsSolaris Oilfield: Q1 TAKE THREE
SOI's stable top fill system despite challenges. Steady fundamentals metrics. Cash flows and shareholders' returns increase.
Read moreDetailsHalliburton’s Perspective in Q1: KEY Takeaways
HAL will likely move three frac spreads from gas to oil basins. In Q1, it deployed its e-frac fleets on...
Read moreDetailsLiberty Energy’s Perspective in Q1: KEY Takeaways
During Q1 2023, LBRT deployed its first electric pump. in February, it introduced the hybrid pump digiPrime with an all-natural...
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