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Rig Count Vs Frac Spread Count : Week Ending 9/18/2020
A few of asked us if we can provide this chart weekly. Metrics
Three Major Service Companies Detail Drilling & Frac Outlook for 2H 2020
Halliburton, Schlumberger, and Patterson have shared what they expect will happen in North American land market for the remainder of the year. The companies talk about what to expect from drilling and completion/frac activity.
Halliburton Q2 2020 Results; Revenue by Segment; North America Down 57% from Q1
Halliburton Company reported its Q2 2020 results. Quarterly Revenue by Area North America revenue in the second quarter of 2020 was $1.0 billion, a 57% decrease when compared to the first quarter of 2020. International revenue...
U.S. Frac Crew/Spread Count - Week Ending - July 3, 2020
The U.S. Frac Crew Count continues to increase. This week we observed an increase in the MidCon region and the Permian Basin. The weekly frac spread count tracks frac fleets across the U.S. on a weekly...
U.S. Frac Crew/Spread Count Continues to Increase; Week Ending - June 26, 2020
This week we observed another uptick in Frac Activity. The U.S. Frac Crew Count increased by +3 this week to end at 64 active fleets. The Permian gained +2 this week and the Bakken up by...
Major Uptick in U.S. Frac Spread/Crews - Week Ending June 19, 2020
This was a good week for the frac market. The week ended with 61 active spreads. Frac Crews overtime.
U.S. Frac Spread/Crew - Week Ending June 12, 2020
Another good week for the U.S. frac spreads. Through our back channels and survey data, we are reporting that the crew count went up by +5 last week. This marks the fourth week that we are...
U.S. Frac Spread Count, By Basin/Play - Week Ending June 5, 2020
Another good week for the U.S. frac spreads. Through our back channels and survey data, we are reporting that the crew count went up by +3 last week. This marks the third week that we are...
U.S. Frac Spread Count, By Basin/Play - Week Ending May 29, 2020
As expected, Frac fleets remained unchanged this week at 56. As most of you might remember, last week we reported the +2 fleets that started working this week. This week we will include another version of...
U.S. Frac Spread Count, By Basin/Play - Week Ending May 22, 2020
There have been a lot of you, 19 emails to be exact about wanting us to provide a little more details/ break-out of active frac crews by Basin/Play. While this level of details is normally reserved...
Active Frac Crews/Fleets Up +2 - Week Ending, May 15, 2020
This week we observed an interesting thing when talking to our contacts in the field. One pressure pumpter told us they were called back by an operator on Monday of this week to complete a pad...
U.S. Frac Crews Down (82%) YTD; More To Go; Fleet Count By Operator
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...
U.S. Frac Crews: Week Ending - May 1, 2020
This week we report that U.S. frac crews took another leg down. Current crew count ended the week at 69. Weekly Changes Year to date changes
Active Frac Spreads / Frac Crews Week Ending - April 24, 2020
The U.S. frac spreads/completion crew count for the week ending 4/24/2020 is 91. This mark another week where operators are focused on reducing not just their rig count by also completion count as well. To get...
Frac Market Update : Operators Drop 45 Frac Crews
As more and more operators cut rig counts, they are also dropping frac fleets as well. Below is our Frac Fleet Update as of 4/19/2020 U.S. Frac Crews/ Completion Spreads To demonstrate the share magnitude of...
Halliburton Reports First Quarter 2020 Results; Revenue Comparison
Halliburton Company reported its Q1 2020 results. In its conference call, the company said: "Right now, North American E&P CapEx is trending towards a 50% reduction year-on-year in 2020. We expect activity in North America land...
U.S. Frac Crew Count/Completion Spreads: Week Ending April 11, 2020
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...
Halliburton Axes Workforce Again; Cuts 600 Jobs in Oklahoma, Texas
Halliburton is making further cuts to its workforce this week, with the new round affecting employees based in Oklahoma and Texas, according to multiple reports This comes shortly after the company furloughed 3,500 workers in Houston,...
Halliburton Furloughs 3,500 Workers in Houston
Oil and gas services giant Halliburton plans to furlough ~3,500 Houston-based employees in response to the sharp downturn in commodity prices, according to a report by Reuters. While the affected workers will keep their benefits, they...
U.S. Frac Crew Spread Falls by 13 - Week Ending March 13, 2020
In a not so surprising move, U.S. E&Ps laid down 13 frac fleets this week. Currently, active frac spreads/fleets this week is at 289. We continue to believe we could see the fleet count get cut...