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U.S. Frac Crew Count/Completion Spreads: Week Ending April 11, 2020
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In another week, we look at our Frac Crew Tracking data. This week frac crew count comes in at 188, which is down (-31) from last week.
A few observations from our field surveys.- Two mid-size frac companies told us this week they currently have no active spreads working
- Another frac company told us they were asked to complete wells in the $32k per stage range, for context, the average cost per stage was $62k.
- Shale Experts has updated their frac forecast to now see the bottom as 125-132 fleets.
Shameless plug..To get access to frac crew tracking by operator, basin and county. Head over to our Frac Database (subscription required)
Permian Basin DUCsPermian Basin DUCs (drilled, uncompleted wells) , on the rise even as operators cut Permian Rig count.
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