The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Keith MacKey - RBC Capital Markets - Analyst
: First, I wanted to start out on IWS, I know the growth hasn't quite been as strong as we would have thought at the beginning of the year and
certainly, the market has played into that. But Jon, your comments around the near-term activity remaining close to where we are now. Just curious
where your confidence in that statement comes from.
Certainly, we're hearing a lot about E&P budget exhaustion around the Thanksgiving time frame in the US. So just curious for some comments
around that. And the second part of the question is the longer-term potential for IWS growth on the completion side. Are you still confident that,
that business or that market can ultimately be the size of your drilling business?
Question: Keith MacKey - RBC Capital Markets - Analyst
: Okay. Copy that. One more on general drilling and completion efficiencies, and you touched a little bit on that in your prepared remarks, Jon. But
certainly, we're hearing more and more about E&Ps looking to get more efficient, and that's historically been seen as a negative for the service
industry as it potentially shrinks the market. So for your business today, Jon, where do you see the drilling and completion opportunity or drilling
and completion efficiencies on an opportunity versus a threat basis? And any comments you can give as to why would also be helpful?
Question: John Gibson - BMO Capital Markets - Analyst
: Congrats on the nice quarter here. One question is on revenue per day. Obviously, nice to see it reach a new record. Is it being driven by product
rollouts or pricing or a combination of both, I guess, what are the main drivers of it? And then as we think into 2025, I know you've talked down
the growth expectation a little bit, but like why -- I guess, what's stopping it from growing it at the same clip into next year?
Question: John Gibson - BMO Capital Markets - Analyst
: I guess if we extrapolate then -- it seems like the new products you're rolling out are at higher day rates on average than your existing set. I guess
how do we think about that longer term impacting the overall number?
Question: Keith MacKey - RBC Capital Markets - Analyst
: I'm back. Just again, one more question, on the mud analyzer. What contribution might that product have had in the Revenue per Industry Day
growth on the drilling side year over year? And can you just talk a little bit more about the rollout and adoption for that product over the next year?
What does it look like? What are some of the maybe key milestones?
Question: Keith MacKey - RBC Capital Markets - Analyst
: Got it. And just how is the progress going on the coal climate adoption? Is that something you might be able to roll out in the next couple of
quarters?
| 
