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Canadian Pressure Pumper Adding Additional HP in 2015
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Canyon Technical Services has given its take on the outlook for pressure pumping in 2015, including the trends in the industry and where activity is headed.
Canyon's operating areas in Canada include exposure to the Duvernay and Montney plays. The company is weighted toward gas wells in its pumping operations, around 70%.
Canyon spoke about trends in pressure pumping in the company's November 7, 2014 conference call.
Brad Fedora, president and CEO, stated: "Frac intensity [has] grown considerably. Our Proppant pump per well is up 100% from 2012. We had a big jump from 2012 to 2013 and then another big jump from 2013 to 2014."
Despite greater amounts of sand and fluid required, the chief concern is labor. Frac jobs are increasingly demanding 24 hour work.
Brad Fedora stated that…
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