Energy Industry Intel & Commentary
The increasing complexity of today’s drilling process places considerable attention on the role of drilling contractors. However, there are drilling-related services not traditionally provided by drillers that play an equally important role in determining the quality and profitability of a well. For the purposes of EnergyPoint’s independent surveys, these other services fall into five segments: …
EnergyPoint Research publishes customer satisfaction ratings for energy industry suppliers across upstream, midstream and downstream segments.
If for every star like EOG and Pioneer Natural Resources there are inevitable train wrecks like Linn or Chesapeake Energy, are projections for aggregate shale-oil production overdone? And if so, is crude fairly priced?
This post was updated on June 26, 2019. Oil prices have rebounded from their 2014 collapse. Yet for upstream suppliers, it’s hard to tell. It’s going to take more than crude in the $60s to rebalance the oilfield. The problem remains structural. In short, there are too many players chasing too little demand.
It is said what CEOs most enjoy is a challenge with outsize reward. If so, Mark McCollum should be ecstatic. As the incoming CEO of Weatherford International, he is tasked with resurrecting one of the more perennially promising, yet frustratingly underachieving, companies in the oil patch. McCollum’s predecessor, long-time CEO Bernard Duroc-Danner, built an organization with …
As the oil and gas sector stirs with a hopeful sense of purpose, several of its largest and most influential suppliers are pursuing distinctly different strategies. It’s not just about which products and services will propel the industry forward. To some extent, the balance of power between providers and customers is at stake. On one end of the …
Continue reading “Integrated Oilfield Suppliers Plot Divergent Paths”
GE Oil & Gas and Baker Hughes shocked the oil and gas world with the announcement they will come together to create the industry’s number two supplier. From a financial standpoint, the transaction is effectively an acquisition of Baker Hughes by GE. In practical terms, it’s more like a merger. Both companies will contribute their …
Continue reading “GE Deal Offers Baker Hughes a New Beginning”
Like many suppliers in the U.S. oilfield, Basic Energy Services has been badly beaten up. The culprit is a once-in-a-generation downturn that engulfed the entire industry, pushing Basic’s latest quarterly revenues down 70% compared to their peak just 18 months earlier. It recently culminated in the company’s announcement that it will pursue a prepackaged bankruptcy and …
Continue reading “Basic Energy Services: The Opportunity after the Storm”
EnergyPoint publishes its independent customer satisfaction ratings and rankings of oilfield suppliers on an annual basis. These announcements reflect the best and most current information available for tracking the performance of oil and gas industry suppliers. While each year offers its own surprises as companies move up and down ranks, there is a small group …
In the 1980s and 1990s, the oilfield equipment sector, for all intents and purposes, neglected the customer. Since then, a select group of companies have successfully kept the focus of their efforts on satisfying customers with dependable products. They have coupled this with responsive service. The results are impressive. In fact, they’ve played critical roles …
Continue reading “Oilfield Equipment: Let Gaps Guide Investment”