Kimberlite Research

🚀 Coiled Tubing Interventions in North America Land: Meeting the Demands of Increasing Well Complexity Coiled Tubing Interventions—both in conveyance and downhole tools—remain a critical component of wellsite operations in the North American Land market. With lateral lengths and well complexities growing at an accelerating pace, operators are pushing the boundaries and challenging service companies to deliver the equipment and expertise necessary to get the job done. Key observations from Kimberlite's recently published voice of customer report include: Conveyance Performance: CT Partners and Step are delivering strong value through their conveyance solutions, earning high marks for personnel quality and responsiveness. Conversely, Cudd and Gladiator are facing challenges related to reliability. Coiled Tubing Tools: In the competitive market for coiled tubing tools, industry leaders such as Baker Hughes and Thru-Tubing Solutions continue to set the benchmark. Additionally, KLX stands out by consistently offering significant value and challenging its rivals with robust performance in both conveyance and tooling. As the industry evolves, service companies that can innovate and maintain high performance will be best positioned to meet the growing demands of the North American Land market. #CoiledTubing #OilfieldServices #FracPlugDrilling #WellsiteInnovation #OperationalExcellence #Oilfieldservies #Oilandgas #Energy #Investors #Investing #Futures #Index

🌍 The Future of Interventions: Real-Time & Digital Slickline Adoption As digital transformation continues to reshape the oilfield, intervention operations are no exception. Operators are increasingly looking to service companies to provide digital capabilities that improve efficiency and enhance real-time decision-making. 🔎 Current Market Snapshot: According to the latest Kimberlite Intervention Study, less than 10% of slickline operations today leverage real-time or digital capabilities—but this is set to change. Future Adoption Trends: Nearly one-third of operators not currently using digital slickline anticipate adopting it in future interventions. Growth will be particularly strong in international land and offshore markets, where efficiency and data-driven decision-making are critical. Implications for Service Providers: The growing expectation for digital and real-time solutions in interventions presents a clear opportunity for service companies willing to invest. Those who can develop and deploy advanced digital slickline capabilities will be well-positioned to capture market share in this expanding segment. The message is clear: operators are demanding more digital solutions, and service companies that evolve with this trend stand to benefit the most. #DigitalSlickline #OilfieldInnovation #InterventionOperations #RealTimeData #OilAndGasTechnology #Wireline #E-Line #Slickline #Energy #Oilandgas #Oilfieldservices #Index #Indexing #Futures #Investors #Investing

It’s a big week in #Houston with NAPE Expo LP in town, and we were thrilled to welcome our good friend David Bat, President of Kimberlite Research, for an in-depth discussion of the latest #OFS activity, trends, and technologies. David joined Kimberlite in 2015 and holds over 30 years of experience spanning #upstream, #power, and #oilfield #research. Kimberlite is a #global oil and gas market research and consulting firm that gathers insights from more than 20,000 hours of annual interviews with industry professionals to analyze market trends and benchmark performance for oilfield equipment and service providers. We were excited to hear David’s perspectives on the evolving OFS landscape.

🔎 Interventions & Mature Assets: The Economic Imperative for E&P Operators Economics matter—and the most economical well an operator can drill is the one they already have. With capital discipline and a focus on returning cash flow to shareholders, many E&P operators are shifting their focus toward interventions and mature assets as a strategic way to maintain or boost production while managing costs. Key insights include: Cost Efficiency: In an environment where new well expenditures are expected to be muted, operators are turning to interventions to optimize existing assets. Healthy Market Outlook: According to the latest Kimberlite Intervention Study, 49% of respondents anticipate increased expenditures for interventions over the next 12 months, compared to just 25% from a recent drilling study. Broad-Based Growth: Expectations for intervention expenditure increases outpace drilling across geographic segments and operator types. Service Provider Advantage: Companies with greater exposure to the intervention market are poised to outperform their peers by capitalizing on this growing demand. In today’s challenging economic climate, prioritizing interventions in mature assets not only helps operators maintain production numbers but also ensures more efficient capital allocation. #EandPOperators #WellInterventions #MatureAssets #OilAndGasEconomics #OperationalEfficiency #Energy #Oilfieldservices #Investing #Investors #Futures #Index #Oilandgas #Oilfieldequipment #Interventions

⚡ Bridging the Digital Gap in Hydraulic Fracturing As digital technologies look to reshape North America Land efficiency and productivity, the question remains: Who’s best positioned to meet E&P companies’ digital needs? According to recent Kimberlite insights: Pressure Pumpers are seen as the natural fit for automating equipment and providing real-time data, thanks to their on-the-ground role. Third-Party Software Providers excel at building robust digital platforms and predictive analytics. E&P Operators view themselves as the primary drivers of data analysis and the subsequent changes for future operations. This dynamic raises a key possibility: if pressure pumpers can overcome skepticism around their digital capabilities—whether by developing cutting-edge in-house tech or partnering with third parties—they could potentially offer an all-in-one solution that unites real-time operations, analytics, and actionable insights for a truly integrated digital experience. #HydraulicFracturing #DigitalTransformation #OilfieldInnovation #OperationalExcellence #USLand #Halliburton #LibertyEnergy #ProFrac #NexTier #Investors #Investing #Futures #Index #Oilfieldservices #Energy #Oilandgs #Pressurepumping

🔌 The Digital Shift in Hydraulic Fracturing: Who’s Leading the Innovation? Digital technologies are emerging as the next frontier in boosting efficiency and productivity for E&P operators in US Land. As above-ground and equipment-related gains begin to plateau, operators are turning to software solutions to reduce downtime, streamline workflows, and elevate overall performance in hydraulic fracturing. According to the latest Kimberlite Digital Solutions for Hydraulic Fracturing Study, several key providers stand out: Peloton: Recognized as the performance leader, lauded for top-tier support and responsiveness. Corva: Delivers strong value by adapting in real time, a feature highly valued by operators, along with providing good collaboration. Cold Bore and Pason/IWS: Facing challenges with the ability to adapt to real-time operational changes and overall responsiveness, indicating areas for potential improvement. Well Data Labs: Trails on some performance metrics but still offers good value to operators. With the Big Four hydraulic fracturing companies—Halliburton, Liberty, NexTier, and ProFrac—also vying for market share in the digital realm and exhibiting strengths in the areas of real-time monitoring and equipment automation, integration between third-party software suppliers, pressure pumpers, and operators will be critical. As digital adoption accelerates, the ability to deliver seamless, real-time solutions will determine who seizes the competitive edge in this evolving landscape. #HydraulicFracturing #DigitalTransformation #OilAndGasInnovation #USLand #Efficiency #Productivity #Corva #ColdBore #Pason #Peloton #Wellview #Welldata #Investing #Investors #Index #Futures

⚡ The Future of Power in US Land Hydraulic Fracturing Innovation remains at the heart of the US Land Hydraulic Fracturing market, driving ever-increasing levels of efficiency and productivity. One of the most transformative advancements in recent years has been the rise of dual-fuel and electric frac fleets, which now dominate the market and are rapidly displacing traditional diesel-powered fleets. However, this shift brings a critical question: how do you power these fleets? According to a recent Kimberlite study, there is a clear preference for field gas as the fuel of the future, largely due to its favorable economics. But challenges around gas quality and conditioning pose significant hurdles. As a result, in key basins like the Permian, CNG/LNG is emerging as a potentially more attractive alternative. 🔑 Looking Ahead: With power consumption in hydraulic fracturing operations only set to rise, service companies that can deliver integrated solutions—combining power generation (via field gas or CNG/LNG) with efficient frac capabilities—will be well-positioned to capture market share and drive future growth. The path forward for the hydraulic fracturing industry lies not just in innovation but in overcoming logistical challenges to create sustainable, high-performing systems that meet the evolving needs of operators. #HydraulicFracturing #USLand #Innovation #FieldGas #CNG #LNG #EnergyEfficiency #Permian #Oilfieldservices #Investors #Investing #Futures #Index

🌍 Contrasting Performance of the Big Four: International vs. North America Land As we enter 2025, the oilfield services and equipment market faces a period of muted growth, where differentiated performance and service execution will be the critical levers for revenue and margin expansion. When assessing the Big Four oilfield service providers — SLB, Halliburton, Baker Hughes, and Weatherford — a clear divergence emerges between their performance profiles in the International Land and North America Land markets. ✅ International Land: Operators in the international arena report alignment between performance and value across the Big Four, reflecting well-executed strategies and service delivery in a region that values reliability, scale, and consistency. ⚠️ North America Land: The story is quite different. SLB, Halliburton, and Baker Hughes face increasing challenges to their value propositions, particularly around responsiveness and technical support. Weatherford stands out with strong year-over-year improvements, but it’s the smaller, more nimble players who continue to excel in this fast-paced market. 🛠️ Looking Ahead: The contrast raises a pivotal question about the future of the oilfield: Will greater consolidation—especially in North America—benefit the Big Four, who are better equipped to manage large-scale operations with pre-defined work programs? Or will the fast-paced approach of North America continue to favor smaller, agile players who can adapt quickly to changing operator needs? As the landscape evolves, the answer may shape the competitive dynamics of the oilfield for years to come. #OilfieldServices #EnergyIndustry #NorthAmericaLand #InternationalLand #CustomerPerformance #Oilandgas #Energy #Futures #Index #Investing #SLB #Halliburton #BakerHughes #Weatherford

📊 Improving Customer Loyalty = Driving Revenue Growth At Kimberlite, we’re often asked, “How does customer loyalty, as measured by Net Promoter Score (NPS), translate into financial performance?” To answer this, we analyzed the international growth market—one of the key focus areas for 2025—and mapped changes in NPS over a four-year period against revenue growth for the Big Four oilfield service providers. 🔍 Key Findings: The data shows a clear alignment: the order of improvement in NPS matches the order of revenue growth. Weatherford: The strongest improvement in NPS correlates with leading topline growth internationally. SLB: Second in NPS growth and second in revenue growth over the same period. Halliburton: Close behind in both metrics, maintaining consistent momentum. Baker Hughes (OFSE): The smallest improvement in NPS coincides with the lowest revenue growth internationally. While correlation doesn’t always mean causation, the trend is clear: improving customer outcomes leads to better financial results. When operators experience consistent value and reliability, they reward service providers with increased business. As the international market continues to grow, customer loyalty will remain a critical driver of success for oilfield service providers looking to capture market share and expand revenue. #NetPromoterScore #CustomerLoyalty #RevenueGrowth #OilfieldServices #VoiceOfTheCustomer #Energy #Oilandgas #Investing #Investors #Futures #Index

🚧 Leading in Share, But Not Necessarily Performance: U.S. Land Drilling Contractors The latest Kimberlite 2024 Land Drilling Contractors Report reveals an intriguing dynamic in the U.S. land contract drilling market. While Helmerich & Payne (H&P), Patterson-UTI, and Nabors dominate market share, they are not necessarily leading in overall performance or customer satisfaction—signaling an opportunity for other players to grow and thrive. 🔍 Key Observations: H&P, the market share leader, is facing challenges due to lower ratings in responsiveness. Patterson, the second-largest player, is being tested on equipment quality and availability. Nabors is well regarded for availability but falls short on technical support, impacting its overall value proposition. 💡 Smaller Players Gaining Ground: Cactus earns high marks for its technology and responsiveness, distinguishing itself from larger competitors. Precision stands out for equipment quality and the operational advantages of its technology, making it a strong contender for clients seeking top-tier performance. As U.S. operators continue to push the boundaries of operational efficiency and effectiveness in drilling, the market landscape could shift. The ability to align performance with customer expectations will be critical for maintaining—and growing—market share in an increasingly competitive environment. #DrillingContractors #USLandMarket #OilfieldServices #OperationalEfficiency #MarketLeadership #H&P #Investing #Investors #Index #Futures #Oilfiledequipment #Oilandgas #Patterson-UTI #Nabors *Ratings derived from 1-1 interviews with E&P operators. Performance factors and Pricing Competitiveness are scored on a scale of 1-10