By Mark Rossano Sections Introduction Overview of Frac Spread Activity in the U.S. A Quick Run Down of Builds Throughout the U.S. Complex Implied Demand will Struggle as Spending Patterns/ Exports/ Travel Change European Flows Struggle as Imports from the…
By Mark Rossano SECTIONS National Frac Spread Overview A Deeper Dive into the EIA Data FED Actions and What it Means for Distillate Distillate a Key Bellwether for Economic Growth Europe’s Economy to Struggle for a Long Time Non-OECD (Emerging…
By Mark Rossano Sections: U.S Frac Spread Count to Fall Below 100 U.S. Remains Flooded with Crude- June to Go Negative PADD 3 and EIA Data Coming into Greater Focus as Tank Tops Getting Hit U.S. WTI June Futures Heading…
By Mark Rossano Section Breakdown Completion Crews Fall Further with More Pain to Follow Refiners and Global Refined Product Data Highlights More Pain to Come U.S. Crude Production Has Fallen- But Will it be Enough (short-answer: NO) OPEC+ Has to…
::: Commonly Asked Questions about our Updated Frac Spread Counts ::: 1. We’ve combined shale plays like the Marcellus and Utica into Appalachia (Appalachian Basin) as well as Uinta and Piceance which becomes Uinta-Piceance. We’ve added 20 new and…
By Mark Rossano Sections President Trump Tweets and the Responses from Abroad- Short Answer Fade the Rally Deep Dive on Country Breakdowns and Pricing for Spreads/ Futures/ Spot Crude Oil Export Country Specifics Highlighting the Oversupply Remains Even with an…
By Mark Rossano Sections Reduction of Frac Spreads Accelerates Storage and Economic Stimulus Will Fail to Bridge the Gap Global Economic Data Points Paint a Frightening Picture Oil Demand Falling as 2.6B face lockdowns India Starts Down the Lockdown Road…
By Mark Rossano Frac Spreads Set for a Collapse The reset in oil prices will cause about 10% of completion crews to pause over the next 30 days in order to asses realized prices, preserve cash, and adjust drilling plans….
By Mark Rossano The frac spread count saw a small increase to 314 on 2/21/2020 with some upward momentum that should push it closer to 320 over the next week or two. The longer-term issue will be realized prices as…
By Mark Rossano U.S. Completion Activity Update Is U.S. Production growth capped? What is COVID-19? OPEC, Russia, Venezuela, Libya and China [restrict] The completion activity has leveled off after spreads were reactivated following an extended Christmas holiday. So far, the…