August 28th, 2020
The key points from the video transcript are as follows:
- The Frac spread count has increased by two, going from 266 to 268 spreads.
- The increase has been mainly on the wet gas side, with minimal changes on the dry gas side.
- The expected increase in oil capacity has not been met, leading to a slower growth rate.
- Seasonality patterns show a steady increase in Frac spreads, but not as significant as previous years.
- The industry is moving towards a more structured approach, focusing on cost management and protecting margins.
- The Permian region is experiencing steady activity and is expected to see some increases due to hot weather conditions.
- The rig count has dropped by 10 on the horizontal side, with slight increases on the directional and vertical sides.
- Gas rig counts have decreased, while oil rig counts have remained relatively stable.
#FracSpreadCount #OilandGasIndustry #PermianRegion #RigCount #GasProduction #OilProduction
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