Print 
More Frac Markets - Frac Trends News
U.S. Frac Spread Count 220 - Week Ending June 11, 2021
As we mentioned two weeks ago, we are starting to see frac spread count normalize. This week the frac spread count is 220, down -2, however the Permian…
NexTier Oilfield Draw Down Credit Line; Cut Staff; Frac Crews
NexTier Oilfield Solutions a frac company said it is taking the following steps to manage through these volatile times. Cut capex : significantly reduce and refine its 2020…
Frac Fleets in Free Fall
Some 118 fleets were taken off the market between Q2 and Q3, which is the largest reduction in frac fleets in any quarter ever, according to data from…
Frac Company Permanently Retires 300k Horsepower
Patterson UTI said during its 3rd quarter call with investors that the company has opted to retire 300,000 HP from its frac fleets. The company will be left…
Two Large Permian E&P To Deploy Electric Frac Fleets
ProPetro Revises Previous Agreements with AFGlobal and Agrees to Purchase One Additional DuraStim® Fleet in 2019 in addition to Two Previously Announced, has Option to Purchase Up to…
United States News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…