The Drilldown: in-depth answers to oilfield questions | w/ Richard & John Spears

An uptick in drilling activity begs the question - where exactly are we in the market cycle? We discuss drilling, completion, production, offshore, and the capital sectors of the market.   Produced by Charlie Spears

The Drilling Contractor gets paid a number of ways: day-rate, turnkey, & by the foot. But that is changing! Richard & John describe the 3 ways the contracts work and how the bigger wells are changing the way contractors get paid.   Produced by Charlie Spears

The Day the Oilfield Changed is a series reviewing technical breakthroughs or commercial developments which fundamentally altered the nature of the upstream petroleum industry. In this episode we discuss how reflection seismic technology initiated the modern age of the petroleum industry and the role that German artillery in WWI played in developing seismography.

How does ~$65 oil change the outlook for 2018 activity? How much is completion activity expected to grow if oil stays around $60? What sectors are likely to get the most pricing improvement in 2018? Where are bottlenecks developing? How much frac horsepower could be built this year? Which will have the better year: coiled tubing services or well servicing? Other than frac, what sectors are improving the most right now? How many oil service company IPOs will we see this year?   Episode produced by Charlie Spears

Lateral lengths in Q4 2017 averaged 7,700’, up 10% from the prior year. However, no operators drill 7,700’ laterals; instead, lateral lengths tend to either be 5,000’, 8,000’ or 10,000’ long, distances which have changed very little for several years. Can the Pythagorean Theorem explain typical lateral lengths What is driving the increase in average lateral length and will this change going forward? Does the segmentation of the horizontal market in terms of lateral length mean a segmentation of the OFS industry serving the horizontal market? Will a 4 th category of lateral lengths emerge – say 15,000+ laterals? What might happen to lateral length when input costs – directional drilling day rates, frac sand prices, etc. – begin to rise faster than oil prices? Produced by Charlie Spears & Sponsored by Oilfield Logix

We compare 2017 with 2016 to look at the change in revenue in five equipment and service markets (land contract drilling, offshore contract drilling, rig equipment, hydraulic fracturing and artificial lift) and discuss how this impacted revenue growth for five “bellwether” oilfield service companies (Schlumberger; Halliburton; Baker Hughes, a GE Company; Weatherford International; and Keane Group).

The Day the Oilfield Changed is a series reviewing technical breakthroughs or commercial developments which fundamentally altered the nature of the upstream petroleum industry. In this first episode we discuss how the creation of drilling “mud” enabled the discovery of the Spindletop field 117 years ago this week and initiated the Gulf Coast oil and gas industry. Other topics include: The connection between smallpox vaccinations and drilling fluid The 4 “firsts” of the second oil well ever drilled

Where will oil prices go this year? How about oil futures?   We also predict the frac sand market and venture (at long last) into discussing the offshore market.   Episode produced by Charlie Spears

Failure comes with an increasing cost and is changing how operators work with contractors. Richard & John dive deep into the psychology of "operator incentive" and how contractors will be responding as wells get bigger.   Produced by Charlie Spears

We talk about what the 3 big stories of 2018 will be: "Death by Bubble Point" oil-gas production over time, how this affects valuations & production curves In-basin sand the move from sand shipped by rail to local sourcing Long term oil prices $50 & $60 oil over the next 2 years, how OPEC & domestic production will affect global oil prices The Drilldown is produced by Charlie Spears. If you have a question email us at [email protected].