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….
Publics Have Little Room To POP
In our April fleet monitor, we counted almost X active fleets that are working for private E&Ps, roughly equal to the level before the pandemic hit…
Productivity Rates Catching Momentum
In our April fleet monitor, we counted almost X active fleets that are working for private E&Ps, roughly equal to the level before the pandemic hit…
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.
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 […]
Realtime E&P Spending Tracker [lium sheets]
In conjunction with this post, we have launched our Monthly Shale Spending Tracker (Data Plan members can download the new resource here)…
HAL Shale OFS Read-across
In this report, we’ve singled out key statements from the Halliburton call, and expanded upon them with Lium data showing where we agree or disagree with the views Halliburton expressed to the market this week.