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More Service & Supply News
Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown
Baker Hughes reported a strong second quarter for 2025, with total company revenue rising to $7.1 billion, a 13% increase over the $6.3 billion reported in Q2 2024.…
Halliburton Warns of Deepening U.S. Frac Slowdown
Halliburton's Q2 earnings call confirmed what we said in our recent Intel-Bits report: the back half of 2025 is shaping up to be significantly weaker than expected, particularly…
Schlumberger Shows Steady Resilience Amid Market Volatility
SLB has reported its financial results for the second quarter of 2025, reflecting stable sequential performance and resilience in the face of macroeconomic and industry-wide challenges. Despite a…
Liberty Energy Reducing Frac Fleets As Market Activity Slows; Talks 2025
Liberty Energy, much like Patterson UTI said they are reducting fleet count amidst a slowing on frac activity. During the most recent earnings call the company said.. Cutting…
Service Companies Talk Bleak Outlook for Remainder of 2024
As most of you might remember, back in May we told you to expect significant slow down in drilling & completion activity. Read here. But that analysis was…
United States News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…