Primary Vision
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!
No Result
View All Result
Primary Vision
Home Frac

Halliburton Puts More Spreads to Work

Mark Rossano by Mark Rossano
April 24, 2018
in Frac, Market Trends
0

    Just a few weeks ago, we updated you that Halliburton was putting more equipment to work than was being reported in the media.  Now we are revising our estimates even higher after uncovering new data on the company’s activities.

Halliburton is Busy

    The company just reported a 34% revenue jump in the first quarter of 2018, a jump the company largely attributed to higher demand in North America.  Rising oil prices certainly helped as well.  CEO Jeff Miller said on an April 23 call that the company is also benefiting from a “tightness” in the hydraulic fracturing market.  In fact, fracking spreads across North America are virtually “sold out” at the moment.  Primary Vision agrees with this statement as we discussed supply with the Wall Street Journal just this past week.

    He said that high fracking equipment utilization rates are both limiting supply and degrading existing equipment.  He also pointed out that the ratio of rig counts to frac spreads has narrowed from 4:1 to 2:1, something we know that analysts are watching closely.  Are we getting more efficient or wearing down gear at an accelerated rate?

Halliburton Is Deploying Assets Into This “Tight” Market

    Mr. Miller has a good reason to be confident in his company’s ability to continue to thrive after posting a solid profit to begin 2018.  For one thing, he noted that the company’s new Q10 pumps are able to hold up to the rigors now facing the industry.  As we reported previously, Halliburton has been responding to the industry upswing by both putting newer Q10 frac pumps into the market and also reactivating older systems that were “cold stacked” following the 2014 price crash.

    We are revising our estimates today to reflect our new findings that Halliburton has activated 15 additional frac spreads in the first quarter of 2018.  That means we believe the company now has 128 marketed spreads instead of our previous estimate of 113.  Our overall marketed horsepower estimates are also increased to 4.6 million from 4.2 million.

    Our estimates are built on a proprietary system that analyzes numerous target sources, but Halliburton’s “fractivity report” over the past year shows that their activity has been growing steadily (ignore the dip in recent months, as the data has a natural lag of about 12 weeks that we compensate for in our estimates).

Get Our Data!

    Primary Vision is a leading supplier of data on hydraulic fracturing equipment activity in the United States.  Contact us to purchase access to more detailed information, and stay tuned for insights into the recent merger announcement by Concho Resources and RSP Permian.

Tags: analyticsBig Datadatafracfrac proppant visionFrac Spread CountFrac Spread Count ReportFrac Spreadsfracspreadcountfracturinghorizontal drillingOilfield ServicesPressure Pumpingprimary visionrefrac'edrefrac;ingrefrack'edrefrack'ingshale
Previous Post

Halliburton’s Frac’ing Surge Is Bigger Than Reported

Next Post

Rich Get Richer in the Permian

Related Posts

ProFrac Holding’s Perspective in Q1: KEY Takeaways
Market Trends

ProFrac Holding’s Perspective in Q1: KEY Takeaways

June 20, 2025
How does the current Middle East Situation play out?
Frac

How does the current Middle East Situation play out?

June 19, 2025
Market Sentiment Tracker: What the Latest Data Says: U.S. Steadies, Europe Slows, China Rebounds (Sort of)
Market Trends

Market Sentiment Tracker: What the Latest Data Says: U.S. Steadies, Europe Slows, China Rebounds (Sort of)

June 18, 2025
Monday Macro View: Top 5 Reasons Crude Prices Are Ascending – and the recent Middle East tension is only one of them!
Market Trends

Monday Macro View: Top 5 Reasons Crude Prices Are Ascending – and the recent Middle East tension is only one of them!

June 16, 2025
Nabors Industries’ Perspective in Q1: KEY Takeaways
Market Trends

Nabors Industries’ Perspective in Q1: KEY Takeaways

June 16, 2025
ProPetro’s Perspective in Q1: KEY Takeaways
Market Trends

ProPetro’s Perspective in Q1: KEY Takeaways

June 13, 2025
Next Post

Rich Get Richer in the Permian

Please login to join discussion

Recent News

ProFrac Holding’s Perspective in Q1: KEY Takeaways

ProFrac Holding’s Perspective in Q1: KEY Takeaways

June 20, 2025
How does the current Middle East Situation play out?

How does the current Middle East Situation play out?

June 19, 2025
Market Sentiment Tracker: What the Latest Data Says: U.S. Steadies, Europe Slows, China Rebounds (Sort of)

Market Sentiment Tracker: What the Latest Data Says: U.S. Steadies, Europe Slows, China Rebounds (Sort of)

June 18, 2025
Monday Macro View: Top 5 Reasons Crude Prices Are Ascending – and the recent Middle East tension is only one of them!

Monday Macro View: Top 5 Reasons Crude Prices Are Ascending – and the recent Middle East tension is only one of them!

June 16, 2025
Nabors Industries’ Perspective in Q1: KEY Takeaways

Nabors Industries’ Perspective in Q1: KEY Takeaways

June 16, 2025
Primary Vision

Established in 2011, we are renowned for our expert frac data and analytics, providing a rich array of unique indicators and industry commentary.

CONTACT

+1-713-554-4977
info@primaryvision.co

SOCIAL NETWORKS

POLICIES

Privacy Policy
Terms of Use

PARTNERS

Amazon Web Services

TRUSTED SITES

Logo

Logo

RECENT NEWS

ProFrac Holding’s Perspective in Q1: KEY Takeaways

ProFrac Holding’s Perspective in Q1: KEY Takeaways

June 20, 2025
How does the current Middle East Situation play out?

How does the current Middle East Situation play out?

June 19, 2025
Market Sentiment Tracker: What the Latest Data Says: U.S. Steadies, Europe Slows, China Rebounds (Sort of)

Market Sentiment Tracker: What the Latest Data Says: U.S. Steadies, Europe Slows, China Rebounds (Sort of)

June 18, 2025
Monday Macro View: Top 5 Reasons Crude Prices Are Ascending – and the recent Middle East tension is only one of them!

Monday Macro View: Top 5 Reasons Crude Prices Are Ascending – and the recent Middle East tension is only one of them!

June 16, 2025
Nabors Industries’ Perspective in Q1: KEY Takeaways

Nabors Industries’ Perspective in Q1: KEY Takeaways

June 16, 2025
  • HOME
  • ABOUT US
  • RESEARCH
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!

© 2025 Primary Vision. All rights reserved.

  • HOME
  • ABOUT US
    • ABOUT US
    • PRIMARY VISION AI INNOVATIONS
  • RESEARCH
    • INSIGHTS & ARTICLES
    • FREE ARTICLES
  • EVENTS
  • PRESS
  • SUPPORT
  • FAQ
  • LATEST NEWS
  • LOGIN
  • SIGN UP!
    • FRAC SPREAD COUNT SIGN-UP!
    • ENTERPRISE SUBSCRIPTION PLAN SIGN UP!

© 2025 Primary Vision. All rights reserved.