Building on our monthly newsletter, The Five Star Standard, this video recaps the most important events and news relevant to the oilfield services sector. Ty Chapman - President Five Star Metals, Inc. Raising the Bar for Customer Service and Quality Connect on Twitter Follow us on Facebook Subscribe YouTube
Last month, I sent you all my outlook and market predictions for 2019. In that analysis, I spent a great deal of time focused on the supply side of the equation. In short, I predicted that continued growth in U.S. Shale production, coupled with OPEC+ (referring to OPEC members + Russia and others who had agreed to production cuts) rapidly rising pr...
Continue reading
When I sent out the 2019 Market Outlook , OPEC+ had just agreed to cuts of 1.2 million barrels per day in an effort to help re-balance the market. At the time I sent the email, the general amount of the cuts were agreed, but the amount each member would cut had yet to be determined. What was agreed to: OPEC would cut 800,000 barrels and Russia + it...
Continue reading
As will be discussed in this week's Ty's Take , my previous concerns, expressed in our 2019 Market Outlook regarding the supply side of the oil equation are abating. However, they have been replaced by concerns on the demand side. A booming U.S. and world economy may be showing signs of slowing down. U.S. manufacturers reported the broadest slowdow...
Continue reading
In our special edition newsletter sent out at the end of 2018, we discussed some of the headwinds facing oil. The dramatic drop in a short three-month period of oil prices left many of us scratching our heads wondering what would be next. How would drillers react to the overwhelmingly negative sharp turn of events? While we have more data, not much...
Continue reading
America could become a net energy exporter by 2020. America is now the world's biggest producer of oil. Wow ! And American crude oil is the best in the world. Really. We make the best oil. Ever. In fact, it's arguably too good… And oddly, that's a problem. A light, sweet problem. And, we have an infrastructure problem… But first. Some background. A...
Continue reading
On January 24, 2019, the EIA released its Annual Energy Outlook for 2019. One of the most exciting takeaways from the report: By 2020, the United States will become a net energy exporter. That is outstanding news and game changing for our industry. Lets build some historical context. The United States has imported more energy than it exports since ...
Continue reading

The oil industry is facing numerous headwinds heading into 2019. Find out where Ty thinks oil markets are headed in 2019 - the good, the bad, and the rest. A thorough analysis of what is causing the dip in oil prices, what could lift the price back up, and what effect the current market situation will have for those of us in the oilfield services i...
Continue reading
Merry Christmas!Thank you for taking the time to read this article on our market outlook for 2019.I wanted to write this article because I see very contradictory opinions as to where oil markets are headed in 2019.And, I've had a few of our customers call and ask me for my impressions of the market now and going forward.So, I thought I would send o...
Continue reading
Every week many of us pour over numbers.  We look at the “rotary” rig count data from Baker-Hughes, API Inventory reports, and EIA reports.  That’s in addition to the monthly reports...
Continue reading

Blog Categories

Request A Quote
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input