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Frac Fleets in Free Fall
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Some 118 fleets were taken off the market between Q2 and Q3, which is the largest reduction in frac fleets in any quarter ever, according to data from Shale Experts Frac Fleet Database.
One frac company said last week it has permanently retired 300,000 horsepower of pressure pumping equipment.
See also:
Operator Touts Exceptional Results From Electric Frac Fleet; $1 Million Savings
Pressure Pumper to Close Rockies Operation; Focus on Texas
Frac Company Permanently Retires 300,000 HP of Pressure Pumping Equipment
Halliburton Expects Slow 4Q, More Cost Cutting, Stacking Equipment
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