Energy Industry Intel & Commentary
Recently, residents of Denton, Texas voted to ban hydraulic fracturing within the city limits. One way to read the results from the referendum is to conclude that the verdict is in: unconventional drilling for oil and gas poses enough health risks to nearby communities that it had to be stopped in the Dallas-suburb home to …
Over the years, technology has played a heralded role in the oil and gas industry. It still does today. Pick up any trade publication and chances are you’ll find at least one well-worn tribute to its importance. Yet, the fixation on hi-tech hasn’t been without problems. It’s even been value-destroying at times. We’d argue the industry’s intractable struggle …
If the devil lies in the details when it comes to Halliburton making its acquisition of Baker Hughes work for stakeholders, so might the opportunity. We’ve pointed out in the past the convergence of performance as seen by customers among the industry’s largest suppliers. We see elements of this same effect in the latest customer …
Continue reading “Halliburton & Baker Hughes: The Devil’s in the Details”
Each of the major segment winners in EnergyPoint Research’s 2013 survey garnered high praise from oilfield customers for their long-standing commitment to quality, performance and customer satisfaction. The annual Oilfield Products & Services Customer Satisfaction Survey, conducted for the last decade, tracks the performance of oilfield suppliers in meeting the needs of the industry. The …
Continue reading “Ensco, Vallourec, Newpark and H&P Grab Top Spots”
Shale-oil and -gas production in the U.S. has been revered by some as the fuel, engine and vehicle driving the nation toward energy independence and economic solvency. Astronomical estimates of reserves, millions of high-paying new oilfield jobs, enhanced competitiveness for American industry, greater tax inflows for state and federal governments, and incremental export revenues certainly …
Continue reading “Global Shale: Potential Bonanza for Suppliers”
Halliburton has seen a leveling off of its customer satisfaction marks recently, bringing to a halt the downward drift it experienced last year. Its plight going forward seems to increasingly hinge on the company’s Frac of the Future initiative. Below are some observations on what we’ve read and heard from company management and its customers as …
Earlier this week, Baker Hughes reported financial results for the final quarter of 2012. As had been telegraphed, earnings were down compared to the same period a year ago. Revenues were off as well. Below are some thoughts regarding what we’ve read and heard from the company’s management and its customers, as well as some …
When EnergyPoint published its first-ever survey results in 2004, Halliburton was in the midst of a high-profile juggling act of sorts. The company was grappling with asbestos-related legal issues inherited via its ill-fated Dresser Industries acquisition, even as its now-jettisoned KBR subsidiary was taking flak—both in the media and in political circles—over a series of …
With the impending purchase of Canada’s Pure Energy Services, Houston-based FMC Technologies adds frac flowback treatment and cleanup services to its portfolio of offerings. In doing so, the company enters the service-side of the fracking game more as waterboy than as athlete, more satisfied to clean up after the segment’s higher-profile stars than to challenge …
The shortage of guar gum and its potential impact on the ability of oilfield suppliers to meet hydraulic fracturing demand has been a hot topic as of late. While we acknowledge the issue is intriguing (i.e., an unforeseen shortage of a strange plant product no one had really even heard of a year ago, hoarding …