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…
Permian Sand Volumes Closing In On Peak (production will follow)
Despite frac fleets still 40% below peak levels, the amount of sand each fleet can pump is…
Lium Launch Overview
Lium Energy Sector Launch Overview…
Launch V: Shale Production & Services
Lium Shale Coverage Launch…