In-Basin Observations

In this week's episode of The DEP In-Basin Observations podcast, Bill Austin and Geoff Jay sit down with industry veteran Doug Terreson to unpack his new book, Can't Deny It, a blend of memoir and market dissection shaped by a decades-long career in energy equity research. The conversation explores how capital discipline displaced growth-at-any-cost thinking, with Doug offering candid reflections on super mergers, the shale revolution, and the investment paradigm shift that followed.

Special Edition of The In Basin Observations Podcast Live From The Observation Deck At Thrive

Special Edition of the In Basin Observations Podcast Live from the observation deck at thrive.

Special Edition of the In Basin Observations Podcast Live from the observation deck at thrive

Breaking down the importance of financial discipline, low debt, and steady free cash flow in an era of capital efficiency.

Unveiling Caterpillar's new Gas Mechanical System, an innovative solution for burning 100% natural gas in frac operations, improving efficiency and power density.

Sharing Atlas' expansion into distributed power with their acquisition of Moser Energy Systems, and how autonomous trucking is set to change the logistics of sand delivery.

Special Edition of The In Basin Observations Podcast Live From The Observation Deck At Thrive

Special Edition of The In Basin Observations Podcast Live From The Observation Deck At Thrive

In the latest In-Basin Observations Podcast, John and Bill sit down with Josh Lowrey, Founder of Upright Digital, to discuss industry trends, life's challenges, and the grit it takes to succeed. 

In the latest In-Basin Observations Podcast, John and Bill sit down with Marshall Dodson, CEO of Key Energy Services, to explore the trends shaping the oil and gas sector. Some key topics include: The 2025 outlook for the industry, with a focus on market stability and efficiency; workover rig activity and how market consolidation is creating opportunities; and operational advancements, from equipment maintenance to electrification.

Join the DEP team (Bill Austin, Sean Mitchell and Blake McLean) as they sit down with Bill Herbert, author of the Daniel Energy Partners' latest report, "2025 and Beyond Outlook: Waiting for a Slow Pitch". The conversation dives into the complexities of the energy sector as we head into 2025, covering market dynamics, geopolitical uncertainties, the rise of deepwater production, and the evolving role of natural gas and power generation. The conversation was a great way to end 2024 and look into 2025.

In this episode of the Deep in Basin Observations podcast, Bill talks to Rob Connors, creator of The Crude Chronicles, a Substack that delves into the financial history of the oil and gas industry. They discuss how historical cycles in the industry relate to current trends, including capital intensity cycles in oilfield services and the potential for future oil price and production surprises. Rob provides insights into the current state of the industry, supported by data and charts, and offers predictions on where the market might head next, considering historical patterns and recent economic developments. We've got a couple more coming this year and as usual we welcome feedback and reach out if you'd like to join us in the future.

In the latest In Basin Observations episode, the DEP team (Blake, Sean & Bill) sat down with Luca Zanotti at their Bay City Plant to explore Tenaris and its role in the pipe manufacturing industry. To start we discuss Tenaris, its global reach and leadership in the sector. Some other key discussions include; Customer Demand & Efficiency, Market Outlook, E&P M&A, Global OCTG Demand, Technological Innovations, the Tenaris Bay City Facility, and Trade & Industry Challenges.   We welcome feedback and reach out if you'd like to join us in the future.

This week, Bill and John interviewed Tony Kroschewsky, CEO of Merit Advisors, to discuss the current state of the oil and gas market and the role of Merit Advisors in providing tax consulting to the sector. Tony highlights how Merit Advisors helps clients reduce cash operating costs, the conversation also touches on the challenges and opportunities in the industry, including consolidation and maintaining efficiency amidst fluctuating commodity prices.

Welcome to the latest episode of In Basin Observations. This week the DEP team (Bill Austin, John Daniel, Geoff Jay, and Blake McLean) sit down for a roundtable discussion on key themes and insights from our recent Supply Chain Executive Series. The team dives into market sentiment, efficiency gains, and important takeaways from the event.

The latest episode of In Basin Observations has Bill and John on the road speaking with David Nemetz, CEO, and Jean Douget, VP of Unconventional Solutions at Gilmore. Over the past several years, Gilmore has been developing innovative products for the frac industry, notably including a newly designed check valve. In the conversation with Jean and David we explore the journey behind Gilmore's latest innovations, the challenges they've encountered, and the impressive results they've achieved so far.

Geoff Jay and Bill Austin have Ted Cross from Novi Labs as our guest on the podcast this week. Ted is the VP of Product Management at Novi Labs and he frequently writes on upstream oil and gas innovation. Ted recently released a post on LinkedIn, which we thought would be a good topic for the podcast. In this episode, we'll discuss the factors driving unconventional well performance so far this year and where he sees the rest of the year playing out. As always, please send along to anyone you think might find this episode interesting and reach out if you'd like to join us in the future.    Click here for the link to the article.

This week, on the In Basin Observations podcast we decided to take one of the panels from our Telluride Executive Series a few weeks ago and turn it into a podcast. We are again featuring Travis Simmering and Dave Bosco from AMP who we had on the podcast about a year ago. For those that don't remember AMP predominantly provides mobile power solutions (turbines and recip engines) to the fracking sector, but is expanding into drilling, midstream, and production applications. The company emphasizes the importance of self-generation due to the increasing unreliability of grid power, exacerbated by insufficient generation capacity and transmission limitations. If you're interested in joining us on the show, reach out, and please share this episode with anyone you think might enjoy it. Until next time!

Welcome to the latest (much belated) episode of the in Basin Observations podcast. This week, we're joined by our guests Jackson Wheat and Jake Foster from Kerr Pumps. This episode was recorded on the road, in Telluride, Colorado, during our Telluride Executive Series. The discussion includes the origins and evolution of Kerr Pumps, the advent of the new "Vortex" fluid end product, and the company's focus on innovation and employee wellbeing. Jackson and Jake highlight the company's growth, product differentiation, and plans to address market challenges while maintaining a strong internal focus on manufacturing excellence and employee satisfaction. Despite market consolidation and overall headwinds in the industry, Kerr Pumps has grown significantly since 2018, but was actually founded in 1946 and acquired by its current owner in 1996.  Their latest product, Vortex, promises significant enhancements over the F1-X, including double the valve and seat life, reduced maintenance time, and safer operation. It has been tested for four years and is expected to eventually replace the F1-X.   We apologize for any background noise, as this interview was recorded outside. But we hope you enjoy it. If you're interested in joining us later this year please let us know as we're always looking for new guests.

The DEP In Basin Observations podcast is back with a special live episode! During the THRIVE Energy conference, Leslie Beyer hosted a panel with experts Sebastian Gass (Quantum), Ben Wilson (AWS), and Colin Westmorland (Enverus) to discuss the use and impact of generative AI in the energy sector. They explored AI applications in data analysis, investment decision-making, and personal productivity, emphasizing the importance of high-quality data and workforce upskilling to leverage AI effectively. Concerns around intellectual property, cybersecurity, and potential regulation were also addressed, with an overall consensus on the transformative potential of AI in enhancing business operations and decision-making within the energy industry.

In the latest episode of the DEP In Basin Observations Podcast, Stuart Bodden, CEO of Ranger Energy Services, joins Bill and John to discuss Ranger's Q3 2023 results, the well service market, and the industry outlook for 2024. Despite industry challenges, Ranger's strategic moves over the last several years have led to improved revenue and margins. In one of our longer podcasts we explore industry consolidation trends, Ranger's M&A strategy, and challenges in the wireline business. Expectations for technological advancements and a focus on operational efficiency, emphasize Ranger's commitment to efficiency and resilience in diverse market conditions.

After a brief hiatus, the DEP In Basin Observations Podcast is back. Join us as we recap our fall activities and dive into the highlights of the recent DEP Upstream and Planning Outlook Forum. In this episode, the DEP team shares insights from the event's 12 panels, exploring a spectrum of industry-critical topics—from OCTG to Well Service, Produced Water to Frac Efficiencies, and Capital Equipment needs to Drilling Programs. Stay tuned for an informative discussion as we gear up for more episodes before the year concludes!

This week we're thrilled to have Lee Beckelman, Chief Financial Officer, and John Young, Chief Operating Officer, of Smart Sand, a frac and industrial sand supply company, join us. In this episode, we delve into a recently published white paper entitled: Hydraulic Fracturing in the Permian Basin and the Case for Northern White Sand that presents a thought-provoking analysis of the value proposition of white sand versus in-basin sand. With a specific focus on the Permian Basin, Lee and John shed light on the potential of addressing productivity concerns by reevaluating in-basin sand usage and considering a switch back to the tried-and-true Northern White Sand. Join us as we explore the nuances of sand selection, their impact on well performance, and the economic considerations that play a pivotal role in shaping operators' decisions. Follow the link to listen. Don't forget to subscribe and share it with your network - you never know who might find it informative!

DEP In Basin Observations is back with an exciting road trip to San Antonio! Bill and John hit the road first to cook some BBQ for the ClearWell Dynamics team and then to run into the AC and chat with Roe Patterson. Roe shares some insights on the workover rig market pricing, providing a unique perspective on the oilfield services market for the rest of 2023. Roe also draws from his extensive experience running both private and publicly traded companies, shedding light on the key differences and challenges associated with each. Follow the link to listen to this engaging episode on DEP In Basin Observations. Don't forget to subscribe and share it with your network - you never know who might find it informative!

The latest episode of DEP In Basin Observations is here, and this time, Bill and John hit the road to the Woodlands. Join them in a captivating conversation with Travis Simmering and Dave Bosco from Accelerated Mobile Power (AMP). Travis and Dave share their journey starting up AMP and their mission to provide the oilfield with efficient modular mobile power solutions. AMP will serve the Oil & Gas, Utility, Data Center and Temporary Emergency Power Markets with top-notch assets and contract power services. We hope you enjoy the episode, please don't forget to subscribe and share with anyone who might be interested.

The newest episode of DEP In Basin Observations is here, and this time, we hit the road to Austin, Texas. This week Bill and Sean have a captivating conversation with Bud Brigham and John Turner from Atlas Energy Solutions. Bud and John share their experiences in bringing Atlas Energy Solutions Public and shed light on their new project, The Dune Express.

In the latest episode of the DEP In-Basin Observations Podcast we sat down in Conroe, Texas with Travis Thomas, project lead for NOV's MAX Completions software application. The CTES team started this process to build MC specifically from the viewpoint of customer needs, provide in-depth graphing tools for completion ops on a well-by-well basis, and allow for local on-site hands to post live job comments to MC for off-site engineers to monitor. We had an interesting conversation with Travis. NOV will prominently feature Max Completions at NOV's URTeC exhibition this year in Denver (June 13-15, 2023). We hope you enjoy the episode and feel free to pass along to others.

Join us for the latest episode of DEP In Basin Observations as Bill and John hit the road to Dallas, Texas. In this episode, our guest is Billy Bailey, a seasoned expert in the energy industry from BP Capital Partners. Billy shares his start in the Energy business with Boone Pickens and provides unique insights into the energy landscape.

In our latest In-Basin Observations episode John and Bill visit GR Energy Services to speak with Wayne Richards, President and CEO. Wayne shares his insights on the current state of the oil and gas industry and the impact of technology in the Oilfield. With over 40 years of experience in the industry, his insights are invaluable and we had a great time talking to him. Check out the podcast at: https://linktr.ee/inbasinobservations

The latest Daniel Energy Partners In-Basin Observations podcast features a conversation with Chris Combs, recorded back in February. Chris is the President of Grizzly Manufacturing and a veteran of the oilfield services industry. Chris visited the DEP offices, where we had the 2022 World Series on display, and discussed the evolution of electric fracking.   Grizzly Manufacturing showcased its EnviroFrac unit at their facility during the recent SPE Frac conference in the woodlands and at our THRIVE conference. The conversation centers around the environmental benefits of electric fracking and how the technology has advanced over the years.

This week's podcast features an interview with Mark Slaughter, CEO of iNet.  For those not familiar with iNet, the company provides wireless broadband communications using 4G LTE and 5G technology to oil and gas and companies and importantly, was our Wi-Fi sponsor at the Permian BBQ Cook-Off.  The company was formed in 2011 and today enjoys network coverage of more than 130,000 square miles in the Bakken, Niobrara, Eagle Ford, Permian, Texas Panhandle, and Kern County, California. They are also now an authorized Starlink integrator.

In this episode, our hosts Sean Mitchell and Bill Herbert sat down with Rich Kushel from Blackrock at the Daniel Energy Partners THRIVE Energy Conference in Houston to discuss his views on the energy industry, BlackRock's relationship with the industry, the current investment landscape, and his experience leading BlackRock's portfolio management group.

The DEP team sits down and recaps the THRIVE Energy Conference. Thank you to all of our friends of the industry that were able to attend and support. THRIVE has been a great success since year one and we couldn't do it without your support. Thank you and enjoy this special episode. 

In this episode of the podcast, recorded live from Minute Maid Park in Houston, Texas, Mike Dyson and Chris Caudill of Infinity Water Solutions join Bill to discuss their backgrounds and the founding of their company. They also delve into the important role that water management plays in the energy industry, and how Infinity is helping companies optimize their water usage and reduce their environmental footprint.   After the podcast was recorded, Infinity Water Solutions announced a multi-year contract with XTO Energy to manage their produced water in the Delaware basin. This is a significant achievement for the company, and it demonstrates the growing demand for water management solutions in the basin.   As always thanks for listening and feel free to reach out with comments or suggestions.

Bill & John travel to the EnQuest Energy Solutions facility to talk with the President of EnQuest, Jamie Stewart. Jamie is an oilfield veteran with expertise in manufacturing, repair and service of oilfield equipment. The guys had a wide ranging conversation with Jamie and touched on numerous topics in the OFS world from supply chain troubles to the electrification of frac.   Thanks for listening, we hope you enjoy this conversation. Feel free to give us feedback on the pod and pass this along to anyone else you think would find it interesting

While in Midland two weeks ago, Bill and John sat down with friend of DEP ProPetro's CEO Sam Sledge. The guys talk about Frac activity, PUMP's recent 3Q earnings, the Silvertip deal, and look into operational activity for the next 3 months and 2023. Activity in the Permian remains robust, notwithstanding several isolated reports of expected Q4 seasonal/year-end effects, the more interesting picture is the strength of the market for next year (which might have the best "visibility" in a very long time).   https://linktr.ee/inbasinobservations Subscribe wherever you like to listen to Podcasts and reach out if you have any feedback for us. We've got a bunch more podcasts coming your way!

On November 7th Geoff, Sean and Bill sit down to discuss the 3rd Quarter earnings results so far for E&P and OFS companies. The guys talk activity, M&A, recent E&P surveys and look a little into the remainder of this year and 2023. There is optimism regarding the duration and resilience of the current cycle.   Subscribe wherever you like to listen to Podcasts and reach out if you have any feedback for the guys.

On the road with Matt Wilks, Executive Chairman at ProFrac Holdings. John, Sean, and Bill talk about the current frac market and what it's like being one of the largest pressure pumpers in the industry. 

Thank you to all of our friends who made the trip for our 5th annual Permian Basin BBQ Cook-Off in Midland, TX. It was a major success thanks to all of you: all of the cooking teams, all of the sponsors, all of our judges and a big thanks to our great friends at Upright Digital. In this episode Sean, Bill, and Bob got together to reflect on the week and the impact this event has on our great industry.

Fresh off their successful event at Gleneagles in Scotland the Daniel Energy Partners team stepped into the Flecha Azul podcast studio and reviewed the week that was and their key takeaways from the event. The crew also looked forward at their events to come especially the wildly popular Permian Basin BBQ Cook-off which is only weeks away. Hit play and listen to the latest podcast of In-Basin Observations.

In our first podcast of 2022, John and Bill talk about the NAPE summit, review the state of the OFS market and discuss some 4Q earnings observations. The team is gearing up for more trips to the field and our THRIVE conference February 23 and 24.

In this episode, guest host Josh Lowery interviews John Daniel and Sean Mitchell about their recent BBQ in Midland.  Josh does a nice job of discovering the origins of the DEP BBQ and how these two have created an event like no other in the Permian Basin.

In this episode the DEP team sits down with Patrick Finney, VP of Completions at Chesapeake Energy, to talk about a recent trip to the Marcellus to visit Halliburton's electric frac fleet.   We discuss some of the obvious benefits of the electric fleet and Patrick shares some of the key stats from Chesapeake's first pad in PA.  In addition to the Zeus Electric pump that deliver 5,000HP at over 22 bbls/minute, we discuss the other electric components on location as well as the power supply that can be used with this all-electric solution.   Patrick also shares some interesting insights on what  CHK is doing different on the completions side with wet sand completions, electric compression and CNG trucks to haul sand.

In this episode the DEP team talks amongst ourselves. John, Bob and Bill hit the general themes in the field (in no particular order), labor, customer demand and service cost pricing. Topical this week is the rise of COVID cases and initial signs it's beginning to impact the field. We also have some takeaways from the second quarter calls for the big 3 in OFS.

The DEP team continues on with our third podcast episode. Sean and Bob were joined by Loren Singletary one of DEP's Executive Advisors for part two in our recap of the Telluride Executive Series. We discuss Mark Mills' keynote speech, the various panels from the conference and the perspectives of ~70 upstream industry executives who attended. Access to capital for the industry, M&A, ESG, new technology in the oilfield and rig/frac count predictions were covered in depth. We hope you're enjoying our conversations so far, we do like to talk but we need to learn when we're droning on. Please have a listen and while you're at it give us some constructive feedback.

DEP Has Returned from our inaugural Telluride Executive Series where Mark Mills (Montrose Lane) was our keynote speaker. We decided to release the speech where he talks about energy, forecasting and the energy transition. Mark has a new book out in October and you should check it out. Please give us feedback and subscribe to In-Basin Observations.

John and Bob are recently back from a trip to Midland where they visited with industry contacts and share their observations. Timely meetings with industry friends inform our views on the market.

Join the Daniel Energy Partners team on their inaugural podcast as they give their backgrounds in the oilfield and the origins of the firm. Bill Austin, John Daniel, Sean Mitchell and Bob Stanton will give their views on the state of the oilfield market and what we can expect from the In-Basin Observations Podcast.