[ihc-hide-content ihc_mb_type="show" ihc_mb_who="10,13,14,16,18,19" ihc_mb_template="1"] Frac Spreads -12 to 115 Its A Numbers Game! The Frac Spread Count, our metric used to track the number of active hydraulic fracturing spreads is down 69% year over year, but up roughly 150% since covid-19 lows that took place towards the end of spring. The permian has more spreads active now than the entire U.S.A did at any point in the month of May. Consistent Growth is Hard in a Pandemic We recently saw the Frac Spread Count increase by 50% in just a 5 week period. Just as quickly we retreated to 115 as crude supply became a reality again. Are operators likely to keep everything in the ground at this point or will they make further activations based on Mondays pop in WTI? Denver Julesburg Basin - Average Frac Spreads By Year Theres still some work to be done in the great state of Colorado, but with growing disdain for fossil fuels its days appear numbered. 2016: 15 2017: 30 2018: 37 2019: 25 2020: 7* *through the first week of November We’ll swap the EIA/Economy shows this week. The Economy will go out today and the EIA will go out on Thursday because of the Veterans Day holiday. [/ihc-hide-content]