LogIn LogOut

U.S. Fracking Shrinks by 25% in 2H2018

February 24, 2019

Graph: Rystad Energy
Graph: Rystad Energy

The new median estimate for nationwide fracking activity in December 2018 suggests 36 frac jobs per day, said a research.

The energy research and business intelligence company Rystad Energy revealed in a study that 25% contraction in fracking activity between the peak in May-August 2018 and the end of the last year.

It should be noted that in both November and December 2018 fracking activity level exhibits negative year-over-year change, it said.

"There is no doubt that significant part of this decline was driven by seasonal weather and capital constraint factors," the study said.

"Yet we keep hearing about somewhat disappointing pace of post-winter recovery. Essentially, service providers largely agree with the fact that recovery is happening now, but the pace of this recovery is slower than what we usually observe," it added.

Lower oil price environment along with focus on capital discipline coming from public pure-shale E&Ps is the main explanation behind moderation in activity level.



Current News

China's Top Refiners to Hike Output 10% in April

China's Top Refiners to Hike Output 10% in April

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand

OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand

Update: Brent Oil Rises above $32 on Hopes of Output Deal

Update: Brent Oil Rises above $32 on Hopes of Output Deal

Energean Power FPSO Hull Leaves China

Energean Power FPSO Hull Leaves China

Woodside Gets OK for Scarborough Proposal

Woodside Gets OK for Scarborough Proposal

CNOOC Transfers Pipeline Infrastructure to PipeChina

CNOOC Transfers Pipeline Infrastructure to PipeChina

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com