The U.S. frac market is undergoing a structural shift. Operator consolidation, declining activity, and changing deployment patterns are reshaping how and where horsepower is utilized.

Key Insights:

• – U.S. active E&Ps have declined by ~50%
• – Market consolidation is concentrating power among fewer operators
• – Idle and potentially exportable horsepower is increasing
• – Global supply dynamics are beginning to shift

Our latest Frac Spread Count Supply analysis explores:

• – How much frac horsepower has already exited the market
• – What to expect over the next 12–24 months
• – Where new opportunities are emerging globally