Gas Production Not Keeping Up
Despite higher gas production in the latest EIA report this week, supply is not keeping up with strong demand…
Natgas Power Surge On Heatwave
This past week, U.S. natural gas power demand hit all-time June highs on record heat in the Northeast and Northwest, highlighting the importance of the fuel during the energy transition.
Survey: 65% of operators expect double digit growth next year
Our contacts inside the industry offer insights that can supplement data to create a full picture of field-level industry trends….
Rig Efficiency Has Stalled
After a red hot start to the year, rig efficiency has stalled in recent weeks…
Majors Still Frozen In Place
With Shell exploring the sale of its long held Permian acreage, we have updated recent activity trends…
Monthly Shale Activity Data [lium sheets]
In this post, we have updated our monthly completion data for members with Premium Memberships to download. This file contains most up-to-date fleet counts, completions, spuds, sand, efficiency, and intensity data. Key takeaways from the data refresh can be found written in this update.
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 […]
Make It Stop (‘more with less’ theme alive and well)
In this post, we update frac efficiency and well cost data, both of which are contributing to (yet another) step up in the ‘doing more with less’ theme….
Need More Rigs ($70 oil = 600 rigs)
While we see little room for spending and fleet count growth in H2, below we’ve listed reasons why the rig count could continue grinding higher…
Shale D&C Update ($70/bbl = 260 fleets)
In this report, we have integrated recent monthly data (including the February winter freeze), with our longer term drilling & completions model. As part of this update, we have also taken a first look at 2022E in a $70/bbl scenario, which would likely push active frac crews over….