I just dropped in…

By Paul Sankey Published on February 11, 2022 at 10:50 AM

Hi I am just checking in to assure you I survived the Houston NAPE conference, landmen and all, but am still on the road, headed to New Orleans. This week has been discombobulated – my initial flight on Tuesday was cancelled by United, I rushed to Newark, made the 2pm, just made dinner in Houston, made the NAPE conference yesterday, made dinner with a Nebraska CEO, went to the after party rave and here I […]

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Afternoon $PUMP

By Paul Sankey Published on December 22, 2021 at 3:58 PM

One of the great conundrums of oil is decline rate One of the unconsidered factors is oil field SERVICE decline rates of 20% per annum Oil field inflation is colliding with US E&P capital discipline US production growth next year over/under is just +500kb/d with downside We spoke to ProPetro $PUMP and others around our recent trip to Midland, the core of the Permian. Adding US production volumes over 2022 is going to be a […]

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Friday Sankey 11/5/21

By Paul Sankey Published on November 5, 2021 at 8:35 AM

Ezra’s first quarter as EOG CEO and he lofts it out of the park – massive increase in regular dividend, big special, buyback, he is in NYC next week, take a victory lap Pioneer wanes yesterday after weak buyback guidance Apache on fire We like Denbury on CO2 negative oil, and encourage Oxy carbon ventures Sunrun – we expected either a crashing miss or wild beat and massive stock reaction; we got neutral Delek beats; […]

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