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.

How did the 2018 oil crash affect drilling activity and day rates?

What factors are contributing to the difficulty in finding pricing power for oil producers?

What is the significance of a $50 floor in oil prices for producers?

What trends are observed in cash allocation from producers towards different oil plays?

What operational challenges arise from multi-pad well drilling?