TGS Well Data Products Updates’ Post

We've recently expanded our well economics dataset to include the Delaware Basin within our Well Data Analytics platform! This expansion provides our clients with comprehensive data, enabling faster and more accurate benchmarking, capital allocation and investment analysis in the basin. Discover breakeven prices and cost structure for drilling wells in the Delaware Basin, providing exclusive insights for precise M&A and A&D asset valuations. Explore how we can supercharge your projects and propel your success by requesting a free Well Data Analytics trial: https://hubs.ly/Q02z0_Zj0. #TGS #WellEconomics #DelawareBasin #DataExpansion #AssetValuation

"You guys think we can just turn a dial..." Capital efficiency and resource optimization are two opposing forces in the capital markets. Overcapitalized pads with too many wells and excessive capex can lead to poor returns. Resolute's WCB's destroying their A's, Encana's rab davidson pad, the list goes on. We had a recent meeting with a private E&P company CEO who put it well, "Everyone thinks we can just turn a dial, it's not that easy with the amount of planning & contracting that has gone on ahead of time." Planning for development optimization is a moving target. Certain mid sized public E&P's are especially stuck because the high IP's their investors have come to expect only come from parent well drilling. Diamondback Energy on the other hand as an example, swallowed the hard pill in 2019 and switched to co-development. At FLOW, one small thing we've done is generated a multi-million-point set of NPV maximization scenarios across all basins at different price decks. We use this to help our subscribers make informed decisions when putting capital to work in upstream. Our experience on the buy side, and our experience drilling wells reads through in the conclusions we deliver to our subscribers. We don't always deliver the popular answers, but they're founded in creating returns. #CapitalMarkets #ResourceOptimization #NPVMaximization #UpstreamIntelligence #DataDrivenInsights

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations. Learn more about this unique approach to seamless asset management >> https://lnkd.in/gAsR-_JX #agileassetmanagement #halliburton #landmark

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations. Learn more about this unique approach to seamless asset management >> https://lnkd.in/gAsR-_JX #agileassetmanagement #halliburton #landmark

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations. Learn more about this unique approach to seamless asset management >> https://lnkd.in/gwEhWt9z #agileassetmanagement #halliburton #landmark

Our Q1 Financial Result Report, announced on May 1, highlighted strong financial results despite market pressures in the first quarter thanks to our disciplined operating strategy, operational density in the resilient Permian Basin and prudent investments in next-generation equipment. “We are excited to start off 2024 with strong financial results and positive momentum. Our results reflect a strategy that is working. Thanks to the dedication and discipline of our teams across our service lines, we continue to deliver strong performance and advance our strategic priorities toward industrializing our business.” - Sam Sledge, ProPetro Chief Executive Officer 🔴 Total revenue of $406 million increased 17% compared to the prior quarter. ⚫️ Net Income was $20 million ($0.18 income per diluted share) as compared to a net loss of $17 million in the prior quarter ($0.16 loss per diluted share). 🔴 Adjusted EBITDA of $93 million was 23% of revenue and increased 45% compared to the prior quarter with 50% incremental margins. ⚫️ Incurred capital expenditures were $40 million. 🔴 Awarded a long-term contract from ExxonMobil for two FORCE electric-powered hydraulic fracturing fleets with the option for a third FORCE fleet coupled with our Silvertip wireline and pumpdown services. ⚫️ Four FORCE electric fleets are now under contract with leading customers with three FORCE electric fleets currently operating. 🔴 Increased share repurchase program by $100 million for a total of $200 million and extended the program to May 2025. ⚫️ Effective frac fleet utilization was 15.0 fleets compared to 12.9 fleets in the prior quarter. 🔴 Repurchased and retired 3.0 million shares during the quarter with total repurchases of 8.8 million shares representing approximately 8% of outstanding shares since plan inception in May 2023. ⚫️ Net cash provided by operating activities was $75 million with Free Cash Flow of $41 million. View full press release here: https://lnkd.in/dvDaFR5q

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations. Learn more about this unique approach to seamless asset management >> https://lnkd.in/dQjCm4CK #agileassetmanagement #halliburton #landmark

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations! Learn more about this unique approach to seamless asset management > https://bit.ly/3Uu35dL. #AgileAssetManagement #halliburton #landmark

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations. Learn more about this unique approach to seamless asset management >> https://lnkd.in/dB9dXVTH #agileassetmanagement #halliburton #landmark

Integrate reservoirs, wells, and facilities data and workflows into a digital twin to optimize efficiency and streamline field operations. Learn more about this unique approach to seamless asset management >> https://lnkd.in/dFmkbfbf #agileassetmanagement #halliburton #landmark