Many good questions- addressed in a positive, but typically conservative manner.
Lots of trials done, and more planned.
Continuing cost improvement efforts- on top of very significant gains in last year.
Much of customer past resistance has been largely addressed.
Terrace planning more wells.
Blackbrush starting up again soon.
Excellent safety record- industry leading.
Great job, Jim Hill and GasFrac team!
1 more quarter of no new major customers, no real action in us, no renewal of husky contract, wow same old same old, hybrid blah blah blah, starting to believe that maybe Hill needs to go back to accounting.
I am very serious.
The activity, accomplishments, and outlook for GasFrac is very encouraging.
Hill and company are doing a terrific job. I was very impressed with his performance during the CC. He fielded all questions very well and honestly- while remaining honestly conservative in his statements.
The picture becomes more and more positive. Anyone who has any sense at all can clearly see how successfully the company has been 'reset' and is now poised for improved market penetration by converting at least a portion of the companies conducting trials of GaFrac's services.
The simple fact that so many companies are now trialing tells a very important story about our competitive status at this point, and cost improvement efforts continue. And this is not to mention the near certain new activity in the Maverick area of the Eagle Ford, with Terrace and other E&P's that might want to get on board that profits train.
I think you have a juvenile approach to life's challenges. Why not try to mature a bit?
That's not what I heard... I would call it neutral at best. The questions this quarter were definitely 100% better then the last conference call. There were quite a few idle crews he admitted or sets. We shall see.