Service & Supply | Oilfield Services | frac spread count
U.S. Frac Crews Down (82%) YTD; More To Go; Fleet Count By Operator
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This week we will look at our Frac Fleets.
The week ended with 51 active frac fleets working in the U.S. Basins. To get frac fleets by operator and by plays click here (requires frac database subscription)
What operators are saying. The biggest change will be Exxon's development strategy.
Exxon
The company peaked at 15 frac crews in the Permian and 54 rigs. The company now says it plans to cut it rig count to 15 by the end of the year.
Diamondback Energy
The company said "While we are running 14 rigs today, we will exit May running 10 rigs and enter the third quarter running eight down over 60% from the beginning of the year. ... three to five completion crew program
Laredo Petroleum
The company said it plans to run one rig for the remainder of the year and o frac crews.
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