By Mark Rossano U.S. Frac Spreads increase, but consumables remain soft Oil and Gas Demand issues accelerate globally; all eyes on consumption Coronavirus Update: We need another month to evaluate Libya, Russia and Nigeria Output Updates [restrict] U.S. activity rebounded…
By Mark Rossano The energy market closed out the year with a big drop in the frac spread count, which carried forward into the second week of January with a move down to 275. The drop was driven by the…
By Mark Rossano A follow-up on the Middle East ongoing Conflicts Protests have escalated in both Iran and Iraq- both against the Iranian government and the IRGC (Islamic Revolutionary Guard Corps.) In Iran- protestors are demanding a change in leadership…
By Mark Rossano Domestic The frac spread count resumed its downward trend with the national forecast coming in at 335 vs 340 last week. The trend remains on a lower path led by the Permian with the only sustained increase…
By Mark Rossano Where do we stand in U.S. Shale? – Week before Thanksgiving 2019 U.S activity is experiencing another step-down in activity as more completion crews and rigs are released. The issues are compounding on a global level as…
By Mark Rossano National Frac Spreads In support of weak activity, proppant deliveries and loadings remain well off seasonal pace and are at 5 year lows across the U.S. This reduced activity highlights pressure on current U.S. production as we…
Frac Spreads Falling By Mark Rossano The national frac spread (fsc) continues to decline as work remains slow across the U.S. with noticeable shifts in the Permian, Eagle Ford, and Williston. Realized prices will remain under pressure driven by seasonality (refinery…
Tumbling U.S. Frac Spreads By Mark Rossano The U.S. frac spread activity continues to decline on the national scale with 8/30 projecting active spreads at 395 down from the peak of 482 from the week of April 5th. The biggest…
Seasonality and Activity in Shale By Mark Rossano Completion activity typically adjusts based on weather as freeze-offs or difficult conditions shift when wells are frac’ed in the short term. This was a bigger factor when more activity took place in…
By Mark Rossano U.S Completions The North America crude market is going to continue to struggle as crude prices remain under pressure. Oil rigs are now heading below 2017 levels, which will be reached in the next week or two…