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The Drilldown: In-depth answers to oilfield questions

Richard & John Spears answer your questions & discuss the oilfield services industry. Got a question? Send it to drilldownshow@gmail.com New episode every Monday!
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The Drilldown: In-depth answers to oilfield questions
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Now displaying: Page 1
Aug 3, 2020

With reserves plentiful but facing limits on CO2 emissions, oil companies are re-focusing their R&D
programs. What implications does this have for the oil service sector? Other topics discussed include:
 The link between oil service revenues and R&D budgets
 R&D’s “Blutarsky moment”
 The optimal length of a lecture

Jul 28, 2020

Looks like we were a bit too optimistic for Q2! This episode we contrast and compare the Q2 financial results of major oil service companies for clues about what is happening in NAM and International markets and the implications for technology development.

 

Produced by Charlie Spears

Jul 20, 2020

Is Q4 the new "spring dip"? Is drilling seasonality now driven by budget exhaustion?

Jul 13, 2020

Richard & John talk about what happens to oilfield service prices over the next few quarters.

Jul 7, 2020

Richard and John discuss the similarities and differences between the theatre business and the oil and
gas industry and the challenges each faces in recovering from the pandemic. We also discuss movies with an exclamation point in the title!

Jun 29, 2020

How much oilfield product/service line revenues were impacted Q2 as operators' slashed capex and what this means for supply chain resiliency.

Jun 22, 2020

Oil's back up, but rig count isn't. Why is that? We also discuss the changing landscape of market predicting.

Jun 9, 2020

What's going to happen to all the Drilled but uncompleted wells (DUCS) out there?

 

Produced by Charlie Spears

Jun 2, 2020

Some oil companies have recently adopted the goal of reaching “net-zero” carbon emissions by 2050.
John and Richard discuss when the net-zero target might start to affect decisions as to what types of
exploration opportunities to pursue given the timeline for discovery and development. Other topics
include:

  • A brief history of the concept of zero
May 26, 2020

Exploratory activit has been hit hard by low commodity prices, but Richard & John make the case that it could stage a surprisingly strong recovery.

  • Stranded assets vs profitable production
  • Oil versus gas exploration
  • R&D implications
May 18, 2020

Richard and John discuss the key dates in 2020 for decisions that will set the course for oilfield activity in
the US, Canada and the Middle East in 2021.

May 11, 2020

Rapid fire questions on EOY oil price, which oilfield service sector will recover first, and Saudi Arabia.

May 4, 2020

In the spirit of Saturday's virtual Kentucky Derby, Richard & John call the action at the 2020 virtual Offshore Technology Conference.

Apr 27, 2020

Richard and John look outside the oilpatch to examples of surviving unprecedented events and
overcoming challenging tasks as lessons for today’s oil industry.

Apr 20, 2020

Richard and John discuss what the current $16 price differential between WTI and Brent is telling us
about the current oil market and what the current $17 price differential between the May and July
futures prices is telling us about the future oil market. Other topics addressed include:

  • How much oil is exported on a global basis?
  • How much US production is likely to be shut-in?
  • What type of US production will first come back into the market?
  • Ernest Hemingway and Charles Mackay
Apr 13, 2020

We talk Sunday's OPEC production cut & the future of natural gas prices.

Apr 6, 2020
  • When will rig count bottom out?
  • How fast are well costs changing?
  • How will personnel logistics impact drilling/frac efficiency and offshore drilling?
Mar 30, 2020

No matter the price of oil, no matter the trend in drilling activity, the number is $150 frac dollars per reservoir foot drilled.  The only real switch occurred in Q1 2015 when things collapsed the first time, but $150 is our number.  It would take a change in industry behavior to take another step downward in Q2 2020…perhaps that happens, but do we predict it today?  Not really.

Mar 23, 2020

Global oil inventories are set to increase due to the drop in oil demand and the rise in OPEC+ output.
Richard and John discuss how much inventories might rise, how long it will take before they are back to
normal, and the implications for US oilfield activity, oil production and oil prices.

Mar 16, 2020

Richard and John discuss the near-term impact of $32 oil on drilling and completion activity and
revenues for selected market segments and oil service companies. In addition, they consider how the
drop in drilling and completion will impact US oil production and what that means for the long-term
outlook for oil prices.

Mar 9, 2020

Richard and John discuss the “Killers of the Flower Moon”, a book (and soon to be a movie) about a
1920s conspiracy to murder Osage Indians for their oil royalties and what became one of the FBI’s first
major homicide investigations.

Mar 2, 2020

Richard and John discuss the winners and losers from the three-fold improvement in drilling and frac
efficiency realized over the past couple of years.

Feb 25, 2020

Halliburton + TechnipFMC --- A Good Combination? Richard & John dive into Jane Austen to analyze the merits.

Feb 11, 2020

In the second of a three-part series on ESG issues, Richard and John discuss social issues such as
diversity, human rights and security that investors are increasingly using to evaluate operators and
oilfield service firms. Other topics include:

  • Total global value of stocks and bonds and the percent represented by sustainable
    investments.
  • The absence of universally-accepted ESG standards
  • The use and misuse of statistics
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