U.S. Fracking Slowdown Hits the Oil-Services Industry

The video discusses the challenges faced by the oil services sector, including market volatility, pricing power, and CapEx cuts. It highlights the impact of oil price fluctuations on drilling activity and the strategic responses of oil companies. The discussion includes insights from Dan Eberhart, CEO of Canary, on cash allocation trends, regional focus, and operational challenges. The video concludes with a forecast of oil prices and the potential for pricing power recovery.

What was a bright spot in the oil industry before the 2018 crash?

• Onshore drilling

• Midstream operations

• Offshore drilling

• Oil refining

According to Dan Eberhart, what could boost confidence for oil companies?

• A stable $50 floor

• Increased volatility

• Higher wages

• More hedging

What is the hottest play according to the cash allocation trends?

• Permian

• Bakken

• Eagleford

• Delaware

What operational issue is associated with 12-pad well drilling?

• Increased costs

• Simplified logistics

• More room for accidents

• Lower production rates

What is the expected oil price range by summer according to the forecast?

• $50 to $70

• $40 to $60

• $60 to $80

• $70 to $90