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What is the Frac Spread Count (FSC)?


  • The Frac Spread Count (FSC) is a measure of active hydraulic fracturing crews, or “frac spreads,” operating across the United States.

  • Developed by Primary Vision in 2014, FSC tracks the number of active pressure pumping fleets completing wells, making it one of the most accurate indicators of completion activity in the oil and gas industry.

WHAT IS A FRAC SPREAD?

  • A frac spread is a complete hydraulic fracturing fleet, including pressure pumping horsepower, blenders, hydration units, chemical additive systems, data vans, and supporting equipment required to execute a frac job on a well.

What does the Frac Spread Count measure?

  • Active frac crews (pressure pumping fleets)
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  • Forecasted completion activity
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  • Operational intensity across key shale basins
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  • Active and marketed horsepower

How often is the Frac Spread Count updated?

Primary Vision updates the Frac Spread Count weekly, providing timely insights into changes in U.S. shale activity.

Why does the Frac Spread Count matter?

The Frac Spread Count is widely used by:

  • Oil and gas operators

  • Oilfield service companies

  • Commodity traders and hedge funds

  • Investment banks and research teams

It provides a forward-looking view of production while enabling evaluation of publicly traded U.S. oil and gas equities, tracking operational activity and overall business health, and assessing asset quality by location, hydrocarbon mix, crude type, and oil versus gas exposure, among many other capabilities.

Frac Spread Count vs. Rig Count

Key Differences:

Frac Spread Count = wells being completed

Rig Count = wells being drilled

Because of drilled but uncompleted wells (DUCs), rig count can diverge from actual production trends. FSC helps close that gap.

Where is the Frac Spread Count used?

The Frac Spread Count is used to analyze activity in major U.S. basins including:

  • AnadarkoAppalachianArdmoreArkomaCherokeeDenverFort WorthGreen RiverPermianPowder RiverSan JoaquinSan JuanTX-LA-MS SALTUinta-PiceanceWestern GulfWilliston
  • Other

    All Updated Weekly!

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