Ask-the-Analyst April 2019
If either Oxy or Chevron acquired Anadarko Petroleum Corporation, they would become the second largest proppant user in the Permian basin (based on 2018 data). Pioneer Natural Resources Company would still remain the largest user by 1 billion pounds, but Oxy would become the largest operator by number of fracs.
MSHA data is one way analysts conclude mine utilization figures and track mine specific details such as man-hours worked or employee count over time. Based on chart below, top Permian sand producers increased overall productivity 9% in Q1’19. For a full list of producers please visit http://energentgroup.com.
Currently, leading pumpers in the Permian consist of Halliburton, Schlumberger, ProPetro Services, Inc, and Keane Group. Combined, these companies make up more than 40% of Permian market share in terms of horsepower capacity, led by Halliburton at 12%.
Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. Looking at well permits, how does the horizontal-to-vertical well ratio in the Permian compare to other basins, such as the Eagle Ford, Williston and Niobrara? #OilandGas #Energy #shale #permian #eagleford #williston #niobrara
Vertical wells are almost non-existent in basins like the #Niobrara, where in some quarters there are no vertical well permits. To compare the Permian to other basins, we need to flip the ratio — instead looking at the vertical-to-horizontal ratio. #oilandgas #eagleford #williston
Westwood’s basin definition is based off of Baker Hughes’ Rig Count basin definition, except for the MidCon basin where we include all active Oklahoma counties. Compared to EIA, you can see the difference in the image below.
We’re forecasting about 405 active crews by the end of 2019, or an additional 22 crews from Q2’19 across the seven key shale plays. Roughly 151 crews will be active in the Permian.
Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Do you know who the in-basin frac sand suppliers are in the Mid-Continent? Find out the details in tomorrow’s update. hashtag#OilandGas hashtag#Energy hashtag#shale hashtag#midcon
Mid-Continent is expected to have a total nameplate capacity of approximately 30 million tons by this time next year. Currently, MidCon’s nameplate capacity is nearly 11MMTPY from operators such as Black Mountain, Covia, Preferred Sands, and U.S. Silica. 5 other suppliers expected to join the others later this year.
In 2014, the median for proppant per lateral foot was at 1,000 lbs/ft. Since then, it has doubled. Currently, the median is at 2,000 lbs/ft in the Delaware basin.
Making the 2017-2018H1 top 10 Permian basin proppant users were: Pioneer, EOG, Concho, Exxon Mobil, Anadarko, Chevron, Oxy, SM Energy, Surge Energy, and Apache.