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completions

Flowback's Frac Signal: What Solaris and TETRA Are Telling Us About Q1 Completion Activity

Flowback's Frac Signal: What Solaris and TETRA Are Telling Us About Q1 Completion Activity

Solaris Logistics revenue fell 11% QoQ in Q1. TETRA held flat on share gains, not activity. The frac discount is flowing downstream — here's what the flowback sector is actually signaling.

The Frac Discount: PUMP, PTEN, and LBRT at Cycle Lows While Crude Trades Near $100

The Frac Discount: PUMP, PTEN, and LBRT at Cycle Lows While Crude Trades Near $100

Three services majors just reported organic NA revenue contraction. The frac independents are priced for more of the same. Here's what the SLB strip actually shows — and what it would take to close the gap.

Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived

Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived

Thursday's oilfield services earnings were unusually coordinated in their message: Q1 was the trough, Q2 is the inflection. Baker Hughes, Liberty Energy, and Patterson-UTI all reported the same morning, and the common thread running through all three was striking. Frac fleets near full utilization. Price increases being