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

Primary Vision Insights – March 16th, 2020

Mark Rossano by Mark Rossano
March 16, 2020
in Frac, Market Trends, Sales
0

By Mark Rossano

Frac Spreads Set for a Collapse

The reset in oil prices will cause about 10% of completion crews to pause over the next 30 days in order to asses realized prices, preserve cash, and adjust drilling plans. We have been highlighting the problems with demand, and these concerns have now all been pulled to the surface due to COVID-19 and OPEC+. KSA is sending about 5 ships filled with 10M barrels of oil to the U.S. that will take about 40 days to reach our coast based on sailing time. Our focus has been on demand problems in refined products, which has now been exacerbated by COVID-19 and the breakdown of the OPEC+ agreement. Russia can only get back to 11.55M, but the additional volume will have no where to go as COVID-19 impacts Europe and the U.S. The brunt of the completion slowdown will happen in the Permian, Eagle Ford, and Williston. In the near term, the national spread will get back to 300, but as prices worsen (stay sub $35 which is likely) the spread count will get to 285. Diamondback (FANG) is the first to announce the stoppage, but others will follow so total Permian work will get down to about 120 spreads, Western Gulf down to 40, Williston down to 30, and Anadarko 25.

This content is locked

Login To Unlock The Content!

Remember Me
Lost your password?
Don't have an account? Register
Tags: analyticsBig Datadatafracfrac proppant visionFrac Spread Count ReportFrac Spreadsfracspreadcountfracturinghorizontal drillingOilfield ServicesPressure Pumpingprimary vision
Previous Post

Primary Vision Insights – March 2nd, 2020

Next Post

Primary Vision Insights – March 30th, 2020

Related Posts

Monday Macro View: Electric Fleets Keep Expanding, Even as Completions Slow
Market Trends

Monday Macro View: Electric Fleets Keep Expanding, Even as Completions Slow

June 2, 2025
Patterson UTI’s Perspective in Q1: KEY Takeaways
Market Trends

Patterson UTI’s Perspective in Q1: KEY Takeaways

June 2, 2025
Market Sentiment Tracker: Credit Card Delinquencies Hit 14-Year High
Market Trends

Market Sentiment Tracker: Credit Card Delinquencies Hit 14-Year High

May 27, 2025
Monday Macro View: Is U.S. Shale Activity About to Slow Down
Market Trends

Monday Macro View: Is U.S. Shale Activity About to Slow Down

May 26, 2025
RPC’s Perspective in Q1: KEY Takeaways
Market Trends

RPC’s Perspective in Q1: KEY Takeaways

May 26, 2025
TechnipFMC’s Perspective in Q1: KEY Takeaways
Market Trends

TechnipFMC’s Perspective in Q1: KEY Takeaways

May 23, 2025
Next Post

Primary Vision Insights – March 30th, 2020

Please login to join discussion

Recent News

Monday Macro View: Electric Fleets Keep Expanding, Even as Completions Slow

Monday Macro View: Electric Fleets Keep Expanding, Even as Completions Slow

June 2, 2025
Patterson UTI’s Perspective in Q1: KEY Takeaways

Patterson UTI’s Perspective in Q1: KEY Takeaways

June 2, 2025
Market Sentiment Tracker: Credit Card Delinquencies Hit 14-Year High

Market Sentiment Tracker: Credit Card Delinquencies Hit 14-Year High

May 27, 2025
Monday Macro View: Is U.S. Shale Activity About to Slow Down

Monday Macro View: Is U.S. Shale Activity About to Slow Down

May 26, 2025
RPC’s Perspective in Q1: KEY Takeaways

RPC’s Perspective in Q1: KEY Takeaways

May 26, 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

Monday Macro View: Electric Fleets Keep Expanding, Even as Completions Slow

Monday Macro View: Electric Fleets Keep Expanding, Even as Completions Slow

June 2, 2025
Patterson UTI’s Perspective in Q1: KEY Takeaways

Patterson UTI’s Perspective in Q1: KEY Takeaways

June 2, 2025
Market Sentiment Tracker: Credit Card Delinquencies Hit 14-Year High

Market Sentiment Tracker: Credit Card Delinquencies Hit 14-Year High

May 27, 2025
Monday Macro View: Is U.S. Shale Activity About to Slow Down

Monday Macro View: Is U.S. Shale Activity About to Slow Down

May 26, 2025
RPC’s Perspective in Q1: KEY Takeaways

RPC’s Perspective in Q1: KEY Takeaways

May 26, 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.