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Rifles, Reloading, Optics, Equipment
Reloading
Component forecasting
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<blockquote data-quote="QuietTexan" data-source="post: 2484709" data-attributes="member: 116181"><p>Rig count has gone up by 8 since the war started.... 8 over 312. Still about 100 rigs less than pre-COVID.</p><p></p><p>Big part of this is the cash influx isn't happening. Some gas wells are coming back online, a lot of minimal pumpers got some benefit from the renewed marginal well credit (enough to pay the power bill at least), but this isn't a typical $100+ cycle because holes aren't going in left and right. SWD wells aren't raking it in like when the frackers were going full steam, and the tank haulers aren't running half at many miles are they were during the last cycle.</p><p></p><p>Go to Artesia, look at who's at work and who isn't. Go to Freer and Encinal and Dilly; Snyder and Rankin and Big Lake. Midland isn't doing what they used to do and throwing cash all across the Basin and the Eagle Ford. Hot shoters aren't running pipe and drill stem. Welders aren't buying new duallys. Gene Messer isn't rolling King Ranch F-250s off the lot to every new Betenbough home owner in Lubbock. It's not 2008 right now, this isn't the big pump we were waiting for in terms of putting new holes in ground.</p><p></p><p>For some reason fiscal sanity has come to the oil patch, and cash isn't getting thrown around to drill. People who already had holes are seeing the mailbox money go up, but the proof is in the IDC numbers coming out on 2021 K-1s, and there hasn't been a big surge yet in 2022 that I've seen.</p></blockquote><p></p>
[QUOTE="QuietTexan, post: 2484709, member: 116181"] Rig count has gone up by 8 since the war started.... 8 over 312. Still about 100 rigs less than pre-COVID. Big part of this is the cash influx isn't happening. Some gas wells are coming back online, a lot of minimal pumpers got some benefit from the renewed marginal well credit (enough to pay the power bill at least), but this isn't a typical $100+ cycle because holes aren't going in left and right. SWD wells aren't raking it in like when the frackers were going full steam, and the tank haulers aren't running half at many miles are they were during the last cycle. Go to Artesia, look at who's at work and who isn't. Go to Freer and Encinal and Dilly; Snyder and Rankin and Big Lake. Midland isn't doing what they used to do and throwing cash all across the Basin and the Eagle Ford. Hot shoters aren't running pipe and drill stem. Welders aren't buying new duallys. Gene Messer isn't rolling King Ranch F-250s off the lot to every new Betenbough home owner in Lubbock. It's not 2008 right now, this isn't the big pump we were waiting for in terms of putting new holes in ground. For some reason fiscal sanity has come to the oil patch, and cash isn't getting thrown around to drill. People who already had holes are seeing the mailbox money go up, but the proof is in the IDC numbers coming out on 2021 K-1s, and there hasn't been a big surge yet in 2022 that I've seen. [/QUOTE]
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