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

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

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Richard & John Spears answer your questions & discuss the oilfield services business. The Spears brothers have a combined 75+ years as leading industry experts and are prized speakers for events all across the globe. The Drilldown will visit all topics in the oilfield services & equipment and discuss industry current events. New episode every Monday! Got a question? Send it to drilldownshow@gmail.com

Richard & John Spears answer your questions & discuss the oilfield services business. The Spears brothers have a combined 75+ years as leading industry experts and are prized speakers for events all across the globe. The Drilldown will visit all topics in the oilfield services & equipment and discuss industry current events. New episode every Monday! Got a question? Send it to drilldownshow@gmail.com
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Location:

United States

Description:

Richard & John Spears answer your questions & discuss the oilfield services business. The Spears brothers have a combined 75+ years as leading industry experts and are prized speakers for events all across the globe. The Drilldown will visit all topics in the oilfield services & equipment and discuss industry current events. New episode every Monday! Got a question? Send it to drilldownshow@gmail.com

Language:

English


Episodes

Ep122: Where's the Exit?

7/17/2019
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Richard and John discuss the implications for the US oilfield arising from the lack of oil company M&A activity

Duration:00:11:26

Ep121: Bestsellers & Beach Reads

7/8/2019
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Richard & John crack open a book on occasion - what kind of books are we reading and what do we recommend? Produced by Charlie Spears

Duration:00:10:34

Ep120: When Does US Output Stop Growing if Oil Prices Don't Change?

7/1/2019
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We discuss the outlook for US crude production under various price/capex scenarios and speculate about the assumptions underlying the EIA forecast of US oil output.

Duration:00:11:25

Ep119: What Drove the Keane/C&J Merger?

6/24/2019
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In response to listener's questions, Richard and John discuss the factors that drove the recent merger between Keane Group and C&J Energy Services. How will this affect competition in the oilfield service industry? Produced by Charlie Spears

Duration:00:10:19

Ep119: We Review Our Predictions for 2019

6/17/2019
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Our mid-year review! Last January (Ep96) we made some predictions for 2019. How are we doing? This episode we talk crude price volatility, Weatherford, and average frac sand per well. Episode produced by Charlie Spears

Duration:00:14:30

Ep117: What's Your Breakeven Price?

6/10/2019
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While the average breakeven price is often cited for understanding which plays are most profitable, the range of breakeven prices within a play is less reported. Richard and John discuss how the range of breakeven prices from high to low is useful to understanding how much activity might rise or fall as price expectations move up or down.

Duration:00:08:23

Ep116: Production Decline - Can the US stay on the hamster wheel?

6/3/2019
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What would next month's US production look like if we stopped drilling wells today? John describes how new wells are masking steeper domestic production declines. Can the US keep up with the high demand for new wells? Produced by Charlie Spears

Duration:00:13:13

Ep115: In Flander's Field

5/27/2019
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A brief departure from our normal podcast. Today we remember those who have sacrificed for our country. "In Flanders Field" by John McCrae "In Flanders fields the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below. We are the Dead. Short days ago We lived, felt dawn, saw sunset glow, Loved and were loved, and now we lie, In Flanders fields. Take up our quarrel with the foe: To you from...

Duration:00:01:33

Ep114: The EU and the US Oilpatch

5/20/2019
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As a group, ROE for publicly-traded US operators rose to a five-year high in Q4 2018 as production increased and cost per barrel held steady. But the overall results were skewed by the good performance of the largest operators, as smaller firms remain under pressure to cut spending. Richard and John discuss how the financial health of US operators resembles the problems faced by the EU in stimulating its economy.

Duration:00:13:37

Ep113: Merle Haggard, Diminishing Returns, and Market Forecasting

5/13/2019
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Richard and John discuss why “leading edge” completion designs appear to be stabilizing but why proppant use per lateral foot is expected to continue rising.

Duration:00:11:32

Ep112: Seasonality and the Oilpatch

5/6/2019
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A listener’s question leads into a discussion of the seasonality of global oil demand and other types of oilfield activity. We also chat about The chance of getting hit by lightning When sales of mace and pepper spray surge Poetry for engineers

Duration:00:11:16

Ep111: Where Are Oil Prices Headed? Plus, Anadarko Part 2!

4/29/2019
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Both the broader macro-economic situation (global oil demand growth, US shale output, Iranian sanctions, etc.) and spot oil prices are beginning to resemble conditions as of the mid-2018. Will oil prices repeat the Q4 2018 price drop? Richard and John discuss factors they believe will be key for oil prices going forward. Also, as oilfield M&A heats up, Richard and John contrast and compare the oil service supply chains of Oxy and Anadarko. Episode produced by Charlie Spears

Duration:00:15:31

Ep110: Capital Discipline: Here to Stay?

4/22/2019
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Richard and John discuss how either rising oil prices or higher well costs will test operators’ new-found spending discipline. Sponsored by Oilfield Logix Produced by Charlie Spears

Duration:00:13:43

Ep109: Our take on Aramco, Chevron, and Anadarko

4/15/2019
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Richard and John discuss possible winners and losers from Chevron’s just-announced acquisition of Anadarko as well as operational and cost information from Saudi Aramco’s recent bond offering.

Duration:00:16:02

Ep108: Under Pressure

4/8/2019
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The combination of ever-higher gas output with ever-lower gas prices leaves many gas producers experiencing “profitless prosperity”. But Richard and John discuss what rising gas production means in terms of growth opportunities for the gas compression sector. Other topics include: the btu-equivalent price of natural gas the heat content of a matchstick

Duration:00:14:36

Ep107: How $80 oil impacts Schlumberger

4/1/2019
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Using the Oilfield Investor Workbook, Richard and John identify the revenue impact on Schlumberger if oil prices were to reach $80 within the next two years. They also contrast and compare the impact of $80 oil on revenue growth for various market segments.

Duration:00:14:26

Ep106: Growth vs Risk

3/25/2019
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Based on their OMR (Oilfield Market Report) dataset, Richard and John identify those oilfield segments have done the best (and worst!) job of achieving revenue growth per unit of volatility over the past decade.

Duration:00:16:35

Ep105: Aztec Gold, Virginia Tobacco and West Texas Intermediate

3/18/2019
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Richard and John describe how the price impact of US shale oil production is similar to the discovery of Aztec gold and the development of the colonial tobacco industry and show how shale oil is currently saving consumers $80/bbl. Produced by Charlie Spears

Duration:00:12:24

Ep104: Bjørn Free, Die(vest) Hard

3/11/2019
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Norway's $1 trillion sovereign wealth fund announced it is divesting from E&P companies. What are the reasons behind this decision? Why might this actually create a more resilient shareholder environment? Produced by Charlie Spears

Duration:00:14:38

Ep103: Consolidating the Oilfield (pt 2)

3/4/2019
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Richard & John discuss institutional investor actions that could support the creation of new, large scale ($10 billion market cap) oil service companies and identify three types of diversified enterprises that might emerge. Produced by Charlie Spears

Duration:00:12:12