Monday Macro View – other countries try to mimic the shale model
The national frac spread count sits at 165, down 6 on the week and 35 year-on-year. Frac job count was also down. Albeit, a week’s number is not a trend, but it is worth watching which operators are holding the line and which are pulling back. We focused on EOG Resources, Diamondback Energy, and ExxonMobil selected for frac activity scale, structural diversity, and forecast signal quality using Primary Vision's EFRACS Frac Operator Monitor. More insights in this week’s Monday Macro View.*
Market Sentiment Tracker – The economy blinked this week
Every economic indicator from this week's calendar was recorded while uncertainty hovered over the direction the war would take. The data is less a snapshot of current conditions than a baseline about to be stress-tested by the largest energy supply disruption since the 1970s. Read this week’s Market Sentiment Tracker* to learn what’s dominating the global economy lately.
Take Three: Halliburton, Weatherford International, Liberty and Patterson
In a series of three articles, we explain everything you need to know regarding Halliburton, Weatherford International, Liberty and Patterson-UTI. What is Halliburton’s HyperSteer MX and XTR injection system? What about the company’s cash flow? Similarly, how is Weatherford’s international business performing? Is Liberty expecting better drilling conditions as prices stay higher? Something interesting happened to PTEN’s completion service and drilling revenue, what does it mean for their long term financial health? So many other questions addressed in these Take Three articles. Read them here: Halliburton, Weatherford International, Liberty, Patterson UTI.*
Free Read: The Islamabad Gamble and Oil Inventories
What is happening in Islamabad? Will there be another round? What will be its outcome? What is each side’s strength and negotiating technique? We use game theory to analyze the next steps. Also, the article discusses the recent withdraws in global inventories in detail. Read about this in our latest free read.
If You’re Still Relying on Lagging Data, You’re Already Behind. EFRACS shows where activity is moving before production reacts.
Get Access to EFRACS: efracs.com