Q2 Fleet Count Up [shale fleet count]
Frac fleet up 15% sequentially in Q2 Privates, privates, privates Bakken had a great quarter Gas activity sluggish (both Northeast and Hville) 17 private frac providers have now deployed more than 50 fleets with more on the way Frac fundamentals are still awful with only 220 fleets active (of 330 available) At $70/bbl, we think […]
May Fleet Count Down [shale fleet count]
Despite continued rig momentum, the fully-utilized frac fleet drifted lower in May to under 200. The surprise drop was driven by 1) slightly lower completions after April surge and 2) efficiency jump – needed fewer fleets to pump the same volume. For Q2, the fully utilized fleet count is tracking up ~15% compared to the […]
Shale Fleets Up 15% vs Q1 [shale fleet count]
Fully utilized fleets are now above 200 This compares to an average of 170 in Q1’21 Total active fleets in the field are tracking close to 215 (105 of those in the Permian), As private E&Ps take the reins, completion activity is on track to be flat to up ~15% q/q Get more shale stats […]
Shale Fleets Jump 40% Off Frozen February [shale fleet count]
Fully utilized fleets dropped to 130 in February down from over 170 in January This compares to an average of 145 in Q4’20 Total active fleets in the field are tracking close to 200 (95 of those in the Permian), This compares to 170 at year end After the slowdown in February (and assuming continued […]
Fully Utilized Fleets @ 175 [shale fleets]
In February, the fully utilized fleet count is tracking 175, down a touch from January, but still ~10% better than the Q4’20 average The Permian has been the key driver in recent weeks, now over 80 fleets Bakken, Rockies, EF have flattened out having outsized gains last quarter U.S. active fleets are now close […]
