Service & Supply | Top Story | Oilfield Services
Top Frac Companies Talk Slowdown In Gas Basin; Oversupplied Permian
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Below the top frac companies talk about what to expect for the remainder of the year. One thing is very clear, almost all is expecting to move / market their gas basin fleets to the permian. However, they might not have been tracking the plans as quite a few Permian operators plan to reduce their frac fleets into the rest of the year. We continue to believe that the Permian basin in the 3rd & 4th quarters will be oversupplied in terms of frac services.
Below are just a few companies who outlined their plans to reduce activity.
Ovintiv
Vital
HighPeak
Liberty Energy
“North American frac activity predominantly just supports the maintenance of today's oil and gas production levels. The days of breakneck oil and gas production growth are over. The large majority of contract activity is…
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