Primary Vision Insights – May 11th, 2020
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…
Primary Vision Insights – April 27th, 2020
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…
Primary Vision Insights – April 14th, 2020
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…
Frac Spread Count 2.0 FAQ
::: 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…
Primary Vision Insights – April 6th, 2020
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…
Primary Vision Insights – March 30th, 2020
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…
Primary Vision Insights – March 16th, 2020
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….
Primary Vision Insights – March 2nd, 2020
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…
Primary Vision Insights – February 17th, 2020
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…
PRIMARY VISION INSIGHTS MONDAY 3 February, 2020
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…