Primary Vision Network on YouTube

August 28th, 2020


The video transcript begins with the host introducing himself and mentioning that the show is being aired early due to the upcoming Thanksgiving holiday. He also announces that this will be the last free Frack spread show after 2.5 years, and encourages viewers to visit primaryvision.com for a special offer. The host then mentions that in the next week's show, they will discuss Natural Gas Liquids (NGLs) and how prices have softened.

The host then provides an update on the Primary Vision frack spread count, which came in at 300. He mentions that this is the level they have been talking about and that he initially thought they wouldn't reach it. He also mentions that there is typically a slowdown during the six weeks between Thanksgiving and New Year's.

The host then discusses the Permian region, stating that it is up to 160 spreads, which is the highest point they have been at. He also mentions that other smaller areas are seeing additional activity. The host then mentions that rig counts were up slightly, with oil rig counts up by four. He emphasizes the importance of directional rig counts and mentions that horizontal rig activity should stay more elevated than the frack spread count, leading to an increase in the number of ducks (wells waiting to be completed) available next year.

The host then discusses the outlook for crude demand and mentions the uncertainty surrounding OPEC. He mentions that OPEC has talked about increasing production, but notes that these announcements are often used to test market reactions. The host concludes by stating that the biggest issue going forward will be the level of demand and the impact of OPEC's decisions on crude and floating storage.

Key topics: Frack spread count, Permian region, rig counts, directional rig activity, crude demand, OPEC's production decisions.

#energyindustry #oilandgas #frackspread #Permian #rigcounts #crudedemand #OPEC

To see all videos click here: https://primaryvision.co/videos/

From Fracking activity and Fracking market trends to Oil and Gas News, Hydraulic Fracturing and Frac Spread Count, we bring you shows covering:

EIA (typically Wednesdays) – Senior Analyst Mark Rossano covers imports, exports and refined product data from the EIA on a weekly basis.

Economy (typically Thursdays) – Senior Analyst Mark Rossano helps produce a five-video series pulling a variety of data points to monitor the health of the economy. Nothing is left uncovered in this deep dive weekly narrative that covers everything from inflation, supply chain metrics to covid-19 lockdowns, geopolitics and so much more!

*Premium Subscribers only* – Frac Spread Count – Primary Vision releases its Frac Spread Count data and video on Friday afternoons. The number that tracks the weekly number of active pressure pumpers in the United States. Contact us to learn more.

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