Ask-the-Analyst May 2019

Ask-the-Analyst May 2019

Friday 5/31

Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. On average, how many days did Permian operators take to file completion reports to TRRC? Find out in the comment section below on Monday! #OilandGas #Energy #shale

In the Permian, it took about 5 months to report their completion activity. However, Delaware operators took a few more days (8 days).

Tuesday 5/28

Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. Which basin had the highest per well proppant usage for horizontal wells? Analyst Luke Smith is on the case! #OilandGas #Energy #shale

The Haynesville and Utica use the most proppant per well.  The Barnett uses the least — nearly 5 million pounds per well.

Thursday 5/23

Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. No surprise that the #Permian basin is flooded with sand. Tune in tomorrow to see our take on just how much sand is leaving facilities and which mines might be lagging behind. Further insights can always be found at https://wgeg.net/2w3O72y. #OilandGas #Energy #shale #fracsand

Currently, the Permian contains 22 frac sand operations with a total nameplate capacity of ~80mmtpy. Of the 80mmtpy, we believe 55-60mmtpy are actually being processed and are up for sale. We can expect total Permian nameplate capacity to remain flat for the rest of the year as all announced operations are up and running and we do not expect further developments to be made. As for which mines might be lagging behind, our analysis concludes certain privately-held operations have begun reducing man-hours and removing shifts.

Thursday 5/16

Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. Where are the frac’ing hotspots in the North Dakota Williston basin? Find out tomorrow in the comment section below! Analayst Luke Smith is on the case. https://wgeg.net/2w3O72y #OilandGas #Energy #shale

The eastern portion of McKenzie county has been the most active frac’ing hotspot for the past several years.

Tuesday 5/14

Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. In R programming, which data types are ‘Date’ ‘POSIXct/POSIXt (time)’ and ‘Factor’ made of? And what does it mean in practice? Find out tomorrow in the comment section below. #OilandGas #rstats

‘Date’, ‘POSIXct/POSIXt (date/time)’ are processed as type ‘Double’ and ‘Factor’ is processed as type ‘Integer’. In practice, if one intends to convert a vector of ‘factor’ to ‘numeric’, it has to be first converted to ‘date’ and then to ‘numeric’ or ‘double’ (two-step). 

Friday 5/10

Ask-the-Analyst: Todd Bush, Boyd Skelton, and Tyler Webb. Which pressure pumpers have leading market share in the Haynesville Shale by active HHP? Find out Monday in the comment section below. #OilandGas #energy #shale #hhp

Of the 60+ pressure pumpers we track quarterly, Halliburton leads activity in the Haynesville, possessing roughly a third of of the basins total active HHP. Other major players include BJ Services, FTS International, and C&J Energy Services, which combined make up 50% of the basin’s active HHP.

Tuesday 5/7

Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Demand for hashtag#proppant is expected to increase in the upcoming years, but do you know by how much? Find out tomorrow. #OilandGas #Energy #shale #fracsand

We’re expecting proppant demand to reach approximately 110MM tons this year with the Permian leading the way. For a complete breakdown please visit http://energentgroup.com and be on the lookout for our Q1’19 proppant market forecast highlighting the Permian, Eagle Ford, and Mid-Continent basins. 

Thursday 5/2

Ask-the-Analyst: Todd Bush, Boyd Skelton, and James Jang, M.Sc.. How will the increased activity in the #Haynesville basin affect the #DUC count in the basin by 2023? #OilandGas #Energy #shale

According to our latest forecast, the heightened activity in the basin will bring down the DUCs from the current level of 150 in Q2 ’19 to the trough of roughly 70 in early 2020. Operators will then start building the DUC inventory again while continuing to increase the overall activity level.  Recent #JPT article featuring the booming of the #Haynesville basin: https://www.spe.org/en/jpt/jpt-article-detail/?art=5422  

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