In episode 16 of the PetroNerds podcast Trisha Curtis and Ethan Bellamy discuss the market trends and themes taking place in the US upstream space, specifically the Permian Basin. They review the earnings calls of EOG Resources, Pioneer Natural Resources, Diamondback Energy, and Liberty Oilfield Services and put it all into a digestible market context and outlook. While concerns about higher services costs and inflation are present, efficiency gains such as longer laterals, faster drilling times, and faster and more efficient frac operations, and are a major theme throughout earnings season and have long term implications.