by Jake Stevens
Have you prepared for the inevitable?
While a lot of focus is on permits and even the rig count over the last 30 or 40 years, we’ve been distributing a new metric that propelled Primary Vision into the mainstream in the summer of 2015, one we believe is the most important metric of frac activity. We call it the Primary Vision Frac Spread Count (I might refer to it as the PVFSC or the FSC for the rest of this blog).
A quick summary of what the PVFSC is. Simply put its a metric for the highest daily value of active frac spreads for a given week.
Ok great, but what exactly is a frac spread. Well, lets start telling you what it isn’t. It has nothing directly to do with natural gas prices (the crack spread), natural gas refiners (the fractionation spread) or the value gained from the sale of any natural gas liquid.
Primary Vision knows the who (pressure pumper), where, when, how many, and in most cases what the service providers are pumping, but it doesn’t stop there. We also know for what operators they are pumping for.
To summarize for every frac spread we know the following:
1) Days Active
2) Location
3) Pressure Pumper
4) Operator
5) Volumes of water, proppant, chemicals pumped
This allows us to know the number of active fleets on a given day and allows for the creation of the Primary Vision Frac Spread Count.
We give away for free, updated every week ,the Primary Vision Frac Spread Count National number. This you can find here. Its updated by 10am every Friday. Sign up for the free national report and you’ll get an email sent out weekly that includes the historical frac spread data plus the frac spread data for the previous week. Use the chart and the data as you wish, all we’re asking is that you source us when using the data/image in a commercial capacity.
Its free, and yes you can get started today.
In a few days we’ll highlight what you get with the paid subscription for the Primary Vision Granular Frac Spread Count or you can reach out to us at info@pvmic.com to learn more.
