Z4 Energy Research
@ZmansEnrgyBrain
E&P, Oil Service, O&G Macro Buyside, Bankside, Sellside, NAM NG demand guy, Jefco, Pru. Best job = Dad [email protected] since 2006. Retweets ≠ endorse
Come see us #oil #natgas #oott Wild deals available here: zmansenergybrain.com/membership-opt…
THE TRUMP ADMINISTRATION HAS GRANTED CHEVRON A NARROW, LIMITED LICENSE TO RESUME MAINTENANCE-LEVEL PUMPING OPERATIONS IN VENEZUELA, EFFECTIVELY REVERSING ITS PREVIOUS BAN - WSJ
WTI < $66
Trump Administration Greenlights Chevron to Resume Pumping Oil In #Venezuela Advocates of move have warned China would gain ground in region as U.S. companies pull back #oott wsj.com/world/americas…
"we are planning to modestly reduce our deployed fleet count and reposition this horsepower to support our expanded simulfrac offering for long-term partners" ~ $LBRT And $ACDC, $PTEN, and $PUMP say thank you. #OOTT #OFS
#SAND $SND
The last time (only other time) $SND announced a special dividend it was followed by a big volume quarter. Last we spoke with them, seq guide was up 10 to 20% but they said possible to exceed 20%. No promises. Name very cheap sub 2x 2025E EBITDA with net debt of 0.1x
Gas Storage Slide Show updated zmansenergybrain.com/subscriber-dat… #NATGAS
THERE IS NOTHING THAT WOULD MAKE ME WANT TO REACTIVATE A STACKED TIER II FLEET - $PTEN 2Q25 Q&A. #OFS #OOTT
Q) Given oil prices and capex planning for 2026 is starting what are you hearing. A) Customers are REALLY JUST LOOKING FOR STABILITY now. If we get STABILITY that puts us in a position for some upside. $PTEN 2Q25 call @SecretaryWright tell your boss #OOTT
#NATGAS STORAGE QUICK LOOK NG up 5 cents just before the report. +23 Bcf vs our +30 to +35 Bcf range and consensus at +29 Bcf Storage now 3,075 Bcf 153 Bcf below year ago 171 Bcf above the 5 yr We will have our read on next week's number out tonight.
PATTERSON SEES 3Q25 COMPLETIONS "STEADY" VS 2Q25. EMERALD AND TIER IV DGB FLEETS FULLY UTILIZED. $PTEN #OFS #OOTT
We do not believe the current level of activity can be sustained without a larger impact on U.S. production. ~ Patterson 2Q25 call. #ofs #oott $PTEN
If you run $OKLO and don't tap the capital markets now you're looking at this wrong.
The last time (only other time) $SND announced a special dividend it was followed by a big volume quarter. Last we spoke with them, seq guide was up 10 to 20% but they said possible to exceed 20%. No promises. Name very cheap sub 2x 2025E EBITDA with net debt of 0.1x
We will be on this call and circle back to replays on $CNX and $VLO. 20 years ago we offered to coordinate industry calls for no overlap but alas, the offer fell on deaf ears.
$PTEN - revenue meet, EBITDA modest beat, EPS a penny light after backing out non cash charge. 3Q25 operating margin in line with consensus. 2H25 outlook better than we expected. 2026 EBITDA consensus likely too light. Cheap name. #OFS
#NatGas Storage Preview We are looking for a 30 to 35 Bcf build this week. Consensus is at +29 Bcf Last week was +46 Bcf Last year was +20 Bcf 5 year average was +30 Bcf
$PTEN - revenue meet, EBITDA modest beat, EPS a penny light after backing out non cash charge. 3Q25 operating margin in line with consensus. 2H25 outlook better than we expected. 2026 EBITDA consensus likely too light. Cheap name. #OFS
