Midcontinent: DUCs Charge Up Demand For Pressure Pumping Services
Midcontinent service providers anticipate an increase in well stimulation pricing from the current average of $38,000 per stage, largely reflecting activity in the Scoop and Stack plays.
Report: Demand Rising For Permian Well Stimulation
Permian service providers in Hart Energy’s Heard In The Field survey report an increase in both inquiries and work volume due to operators starting to complete DUCs.
Workovers, DUCs First On Eagle Ford’s Agenda
Oil prices north of $55 are needed to stimulate fracking demand in the Eagle Ford Shale, according to participants of Hart Energy’s Heard In The Field survey.
Efforts To Capture Acreage Sustain Some Bakken Drilling Programs
Well stimulation pricing in the Bakken Shale is shrinking, with price per stage dropping 10% over the last 90 days. Meanwhile, the market appears to be approaching a balance.
Completion Rate For Marcellus DUCs Down To 7.5 Days
Moving to multiwell zipper fracks could cut that time to five days, or by as much as 30% per well, according to participants of Hart Energy's Heard In The Field survey.
Scoop, Stack Remain Midcontinent's Main Attraction
Fracking pricing in the Midcontinent edges upward due to more completions in the Scoop and Stack. Meanwhile, regional capacity takes a hit with crew count down to 13 from 25 since January.
Panel: Refracturing Holds Economic, Production, Learning Opportunities
Talk of refracturing opportunities and challenges continue as companies seek cost efficiencies during a downturn brought on by a supply-demand imbalance.
Cotton Valley, Eaglebine Offer Some Service Providers Hope
Tough times and low demand add pressure on service providers in dry gas basins as operators “slow-walk” payment for services. Meanwhile, Eaglebine and Cotton Valley activity offers stability for some.
Permian Well Stimulation Takes A Steep Dive
Service providers note crew count is down to 22 in the Permian while effective capacity has declined as the market remains challenged by sub-$50 oil.
Operators Leaving Eagle Ford Shale For Northern Skies
Oil and gas operators are switching activity to the Permian Basin, reflected partially by the steep collapse in Eagle Ford well stimulation capacity, according to Hart Energy’s Heard In The Field report.