Chevron’s decision to deploy triple frac technology across half its Permian completions in 2025 shares the growing importance of operational intelligence at the completion stage. In this week’s Monday Macro View*, we explore how Chevron, EOG, and Devon are redefining efficiency through extended laterals, simul-fracs, and now, triple fracs. Our Frac Spread Count continues to reflect the impact of lower prices and policy friction, but it’s the Frac Job Count that tells the real story—completions activity remains solid. This divergence cements the above trend.
All of this ties directly to oil prices—and that, increasingly, is a function of macroeconomic sentiment. We explore those global signals in our Market Sentiment Tracker*, where the world’s major economies are heading down different tracks. The U.S. is now showing signs of fatigue—consumer sentiment, pricing power, and forward-looking confidence metrics are all turning lower. Meanwhile, China is gaining momentum. Loan growth, trade surpluses, and stabilizing sentiment suggest that stimulus efforts are starting to gain traction. Finally, we turn to the service sector, where Liberty Oilfield Services posted a mixed but instructive Q1. While topline and EBITDA rose, net income fell sharply due to service cost pressures.
With the macro backdrop moving quickly, we also encourage readers to visit our newly updated Events page—your one-stop dashboard for major economic releases, industry conferences, and policy updates.
For deeper insights, real-time frac data, and forward-looking forecasts, explore how Primary Vision can power your strategy: Learn more about a subscription here or email us directly: info@primaryvision.co
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