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Schlumberger, Baker, Halliburton, Basic, CJES Talk Frac Market
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Frac Pump equipment is not designed to run 24/7, yet with the increased demand for pressure pumping, pumpers are utilizing their horsepower at peak capacity, running 100 BHP in 12 hour shifts.
Halliburton, Baker Hughes and Schlumberger have been running their pumps 24 hours.
These will need to be replaced in 2 - 3 years. Proppant prices are also going up due to greater demand accrued from bigger wells, with 600 tons per job.
Several pressure pumpers gave details in their latest conference calls regarding plans for increasing horsepower capacity, despite an already oversupplied market. With pricing down, companies are depending on large frac jobs, and at the same time spending more on assets to expand supply. They are now depending on demand to catch up. This will no doubt impact…
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