Ask-the-Analyst June 2019
Westwood is forecasting HHP demand to increase 5% from Q2’19-Q4’19 across the seven key Lower 48 basins, ending the year at roughly 15.7 million HHP.
Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Up to date with #MidCon mine construction? Will these plans move forward in 2019? Check back tomorrow for an update. #OilandGas #Energy #shale #fracsand
Currently, the MidCon contains 5 active frac sand operations providing over 10 million tons of nameplate capacity with another 6 mines planned (two of which are under construction). Based on market research and contacts we believe the other 4 planned sites will not be constructed in 2019. For an in-depth look into MidCon frac sand facilities please visit http://energentgroup.com.
Frac sand mines are generally clustered near the center of a basin’s activity, like in the Permian and Eagle Ford. However, mines can also be found along a basin’s perimeter.
Counting the seven key US basins, the Lower 48 crew count dropped by 2% to 377 active crews during Q1’19. Permian active crew counts decreased to 153 during the quarter.
The Delaware basin (west half of each map) grew more active in the last couple of years (specifically, Eddy and Lea counties of New Mexico). In the Midland basin, besides the dominant Midland county, Martin county has become one of the hottest frac zones!
Ask-the-Analyst: Todd Bush, Boyd Skelton, and Luke Smith. How can you insure that all of your installed R packages are compiled from source? Find out tomorrow in the comment section below! #OilandGas #rstats #Energy #shale
There are two options that can achieve this goal: pkgType and install.packages.compile.from.source. By setting these options to “source” and “always”, respectively, it insures the source package is downloaded and then compiled into byte code when installed with install.packages(). Placing the following code in a user Rprofile will insure this happens everytime install.packages() is used: options(pkgType = “source”, install.packages.compile.from.source = “always”).
Ask-the-Analyst: Todd Bush, Boyd Skelton, and Jonathon Clark. Are you up to date on frac sand demand for the lower 48? Well, Energent has updated our Lower 48 Frac Sand Demand figures. Check back tomorrow in the comments to see the latest. #OilandGas #Energy #shale
Our 2019 Lower 48 Frac Sand demand forecast of 110 million tons has decreased to just over 100 million tons for 2019. To find out why or for more information, please reach out. Thanks