Simulfracs Lower Future Fleet Peak
U.S. shale E&Ps are poised to deliver still more production with fewer frac fleets thanks to an operational shift that will impact fleet profitability and market share for pressure pumpers. We quantify the trend and provide background on its spread here…
Permian Rigs Still Cranking Out Efficiency Gains
Efficiency trends are one of the key drivers to rig demand, service pricing, and U.S. shale production.
Top 5 Shale Misconceptions
In this report we’ve dressed down five key misconceptions about shale in 2021, using proprietary Lium data to highlight what the market is missing…
Largest DUC Drawdown Ever Coming To An End (- for HAL)
While the U.S. rig count is set to grow this quarter and next, the number of wells placed on production (POPd) will likely be… Here is a table operator by operator as well as big picture data synthesis on the production hamsterwheel in shale…
Monthly Shale Data [lium sheets update]
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.
– Completions are tracking better than expected at roughly
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 […]
Rig Adds But No POP Growth (at least for now)
While the U.S. rig count is set to grow this quarter and next, the number of wells placed on production (POPd) will likely be… Here is a table operator by operator as well as big picture data synthesis on the production hamsterwheel in shale…
Getting Off The Hamsterwheel
U.S. shale is quickly redeploying the service activity necessary to restart U.S. oil production…
Shale D&C Update – First Look At $70/bbl
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….
Assessing The Shale Winter Shutdown
An epic, sudden, and unprecedented frac activity blackout is underway in the key basins comprising the vast majority of U.S. pressure pumping activity, here a data-driven market assessment…