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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…
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…