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
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 […]
Rig Efficiency Has Gone Vertical
Efficiency trends are one of the key drivers to rig demand, service pricing, and U.S. shale production.
DUC Depletion – Back To 2013 Levels
In Q4’20, DUC inventory declined by over…
Shale Growth Flustered By Supply Chain Constraints
Our latest Lium channel checks show that the frac supply chain is straining to…
Production Flattening Sooner Than Expected
Resilient shale production has followed the frac count that has increased from…
Permian Sand Mine Capacity Rebound Well Underway [Lium Sheet Update]
We have updated our detailed Permian in-basin mine database. Here are some observations from the latest data release…
Fleet Count In Sight Of 200
After compiling the latest frac data, we count roughly 185 fleets now staffed / active (X fully utilized), up from X in early December and X at the bottom in May….
Rig-To-Fleet Ratio Headed To Normal
As shown in the graph below, the rig-to-fleet ratio is quickly normalizing around…
Private Operators Missed The Spending Memo
While Public operators appear to be sticking by their disciplined budget plans, Private E&Ps have been a key driver of the latest frac additions. In fact, we estimate that private E&Ps are on track to spend almost…