Cotton Valley Buoys Activity In Dry Gas Basins
The Cotton Valley is the only game in town as activity dwindles in the Barnett and Fayetteville. Survey respondents pointed towards idled equipment and crews as the cause of the slowdown.
Operators Focus On Completions Backlog
The volume of drilled but uncompleted wells is falling, partly because operators have slowed drilling volume to a pace that enables them to work through the prior backlog of wells.
Marketshare Fight Underway For Pressure Pumpers
Operators slow well completions to adjust to lower commodity prices. However, the market remains dynamic and estimates on effective capacity vary significantly depending on the survey respondent.
Activity Holds Steady Despite Fears Of Sinking Demand
Though a majority of Hart Energy survey respondents said pressure pumping services has been stable in the Bakken, several noted that operators indicate they will begin postponing well completions.
Prices Fall Again For Service Providers
Marcellus service providers are characterizing the market as stable, but at a very low level of activity. Most believe pricing for well stimulation services has bottomed.
Small Regional Service Providers Hit Hard
Operators have leaned hard on service providers to reduce costs and are using the opportunity to add more sand to horizontal wells to good effect, particularly in the upper Woodford Shale.
Green Shoots In Rocky Mountain Well Stimulation Market
Demand for well stimulation services in the D-J Basin/Niobrara play improves as operators reduce the rate of uncompleted wells while embracing massive proppant loaded slickwater fracks.
Is Increased Demand Imminent For Pressure Pumping?
Concern is growing over the 2,000 drilled but uncompleted wells in the region, which could be the first green shoot in a long-anticipated rise in demand for Permian Basin pressure pumping services.
Price Per Stage Falls Again In Well Stimulation
Service providers note regional utilization for well stimulation at less than 50% while the backlog of drilled but uncompleted Eagle Ford wells now exceeds 1,000 as operators defer completions until clarity arrives on oil prices.
Fracking Prices Hit Bottom In Bakken Shale
Pricing is down 35% versus peak, but appears to have stabilized at breakeven costs, service providers in the Bakken Shale say.