Ben Palmer: MidCon. Yeah. Haynesville, we have historically had pressure pumping in South Texas and the Haynesville, we’ve not been there for many years since probably ‘15, ‘16. We’ve moved out of those basins of Haynesville, in particular, is very intensive work, very high pressure. And it’s just something that we’ve not focused on in the last few years, many of our other service lines, downhole tools, in particular, that’s not as sensitive to those types of pressures. We have a very good business in the Haynesville, in South Texas, and certainly the MidCon, we still have pressure pumping that we do in the MidCon. South Texas, we’ve done some work in South Texas, we have, again, our cementing operation is down there.
But right now, we’re not looking to make a significant move into either South Texas or the Haynesville at this point in time, but there have been some opportunities for us that we have pursued in South Texas with pressure pumping. But to reiterate, our downhole tools company has significant market share. And they operate in all the basins around the US, pressure pumping, we’re a little more focused, if you will, on the basins where we’re in the best position.
Mike Schmit: I’ll add rental tools is another one that’s in all the basins, but a lot of the service lines that we are spread out are things that we can move easily to where there is activity and need for that equipment. So, as Ben mentioned, if you think pressure pumping were really more Permian. We have little fit, others – but our other service lines are definitely more spread out. But that’s not heavily impacted, because we can move that stuff pretty quickly to where the need is.
Derek Podhaizer: Got it. And then maybe just some thoughts on the E&P consolidation wave that we’re starting to see. I mean, you mentioned throughout the call you work for maybe some of those smaller companies that could be targets of the large caps independents looking to gain share and shale. I mean, have you heard any customers that have been acquired yet? Have you seen an impact to your services? Just maybe some color on how do you guys are thinking about that?
Ben Palmer: We were impacted somewhat in the third quarter with pressure pumping that was a contributing factor to that air pocket. Since that time, we have not, pressure pumping has not been impacted. Here too, for in the last several quarters with some of the consolidation that’s taking place. Our other service lines have not seen an impact from that consolidation. And we hope and expect that there’ll actually be a benefit. Because we do work or the other service lines that we’ve referenced do work for many of these large, highly active E&P companies. So we’re working for too high activity producers, operators, we hope to continue to do that in the future. We’re already working for both of them, we would expect to continue to work for them in the future.
So we’ve not seen any negative impact other than the third quarter. And we’ve not seen any of the recent consolidations that not directly impacted us. And of course, some people have written that they think it’s the taking out at some of the smaller to midsize operators may be coming to an end, right. There’s a lot of consolidation at that upper end which might impact the more concentrated, larger pressure pumpers more than it would us, right. So anyway, so that’s my take on that.
Derek Podhaizer: Got you, that’s helpful. And just last one. Just to clarify your outlook for first quarter, do you expect just top line and profitability to be flat just given the weather the slow start from the E&Ps? Or do you see upside and you’re talking about the incrementals at the top of the Q&A or maybe this is a flat to up how you’re thinking about first quarter earnings?
Mike Schmit: Yeah, I guess I can start. That’s probably a good way to think about it flat to up, exactly as you described at the end of the year in the winter season slowed and it was a little bit of a slow start. We had some weather in January, but we have a lot of positive signs coming into the next couple months. So similar to what we’ve heard, some of the other folks that have announced the last couple days, it’s similar we’re flat to up, no huge increase or decrease we’re expecting currently.
Derek Podhaizer: Got it. Great. Appreciate it guys. I’ll turn it back.
Ben Palmer: Thank you, Derek.
Operator: At this time, there are no further questions. I’ll now turn the call back over to Ben Palmer for closing remarks.
Ben Palmer: Thank you, operator, appreciate and thank you everybody for joining our call. Appreciate your interest and attention in order to catching up. Take care. Bye-bye.
Operator: Ladies and gentlemen that concludes today’s call. Thank you all for joining and you may now disconnect your lines.
