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!
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Ep180: Straws in the Wind
What recent oil company mergers say about the outlook for E&P activity, supply chain consolidation and market share growth. Produced by Charlie Spears
Ep179: Thinking About Free Cash Flow
Richard and John discuss elements impacting free cash flow for US operators and how this will determine E&P capex and rig activity going forward. Specific topics addressed include: “Haircut” given to spot oil prices when setting capex budgets Royalties, production taxes and operating costs % going for debt reduction and shareholder returns
Ep178: What's Caught Out Attention This Week
Richard and John discuss topics which caught their attention this week, including: Caterpillar’s acquisition of Weir; Saudi breakeven pricing; Q3 OFS earnings expectations; and progress on nuclear fusion.
Ep177: Has America Gone Back To Work?
Anecdotal evidence from Richard’s current road trip suggests US economic activity is largely returning to normal and explains why the EIA has revised its estimates of Q4 US oil use significantly higher in recent months. Richard and John discuss how this would impact inventory drawdowns and oil prices.
Ep176: Going, going......
Schlumberger has begun to reduce its exposure to the North American oilpatch. Richard and John discuss how this process will likely result in consolidation of important segments of the NAM market. We also chat about -- Does the possibility of a Biden administration impact the timing and/or success of this process? Will competitors or customers object to market consolidation?
Ep175: State of the Market - Renewables
Major oil companies are increasing their investment in renewable resources as they transform into btu- agnostic energy suppliers. Richard and John describe the US renewables market and discuss the outlook for this sector.