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Primary Vision Insights – March 2nd, 2020

Mark Rossano by Mark Rossano
March 2, 2020
in Frac, Market Trends, Sales
0

By Mark Rossano

The frac spread count saw a small increase to 314 on 2/21/2020 with some upward momentum that should push it closer to 320 over the next week or two. The longer-term issue will be realized prices as global supply chains are slammed by coronavirus issues hinder trade. The Permian saw a decline of 5 spreads while most areas were either flat to slightly up over the last two weeks. The pace of additions in 2020 have slowed but will find support at around 310 over the next month. The Williston, Eagle Ford, and Permian will receive the most support over the next month, but pressure is mounting as ships pile up offshore with nowhere to take U.S. crude and more specifically condensate.

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Tags: analyticsBig Datadatafracfrac proppant visionFrac Spread Count ReportFrac Spreadsfracspreadcountfracturinghorizontal drillingOilfield ServicesPressure Pumpingprimary visionrefrac'ed
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