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Halliburton is Right, Proppant Use Per Well is Down; Here is the Data
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In its Q2 2017 conference call, Halliburton outlined its thoughts on what it sees as a interesting proppant data point - noting that proppant per well levels fell overall in Q2 (**please note that Q2 data has not yet been fully tabulated).
In the call, Halliburton President & CEO Jeff Miller said: "For the first time in years, in the second quarter we experienced our first decline in average sand pump for well. Let me repeat that because I think this is important. We saw a decline in the average sand pump per well. And while this is only one data point, it's something we will be watching."
Ole Slorer (Analyst)
"So the reduction that you saw on a per well basis. Was that a function of shortages and sand pricing and therefore forcing industry to adopt different methods or do you see this…
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