Topic: Hydraulic Horsepower

Crescent Point Completions

Well Highlights from Marcellus, Eagle Ford, & Williston

EQT completes 3 mile lateral well in Marcellus (2019-01-03) EQT reported two completions on a multiple well pad in Washington county, Pennsylvania. Haywood Mon110H24 and Haywood Mon110H25 were completed on January 3 and tested January 7. The H24 produced 15,565 MMcf of gas on its 38 stage lateral with a vertical depth of 7,332 ft. The H25 was drilled to 7,304 ft with a 129 stage 18,450 ft lateral length. Both wells use frac material provided by FTSI International, perforations by...

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Is History Repeating in the US Pressure Pumping Market?

Since 2012, the percantage of horizontal rigs running in the Permian Basin has steadily increased. The percent of horizontal rigs in the Permian grew from 14% in January 2013 to 27% in January 2015. Now, the Permian accounts for over 42% of the active horizontal rigs in the US land market.This year the Permian gained 100 horizontal rigs, a 46% increase in horizontally directed rigs. The year-over-year horizontal rig increase is a staggering 174% for the prolific basin. At this...

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Schlumberger-Weatherford JV Could Challenge Halliburton

On March 24, 2017, Weatherford and Schlumberger announced a proposed joint venture to deliver completions products and services for the development of unconventional plays in the United States and Canada. Going by the name OneStim, the venture will boast one of the largest hydraulic fracturing fleets in the industry, possibly rivaling that of Halliburton.Schlumberger’s hydraulic fracturing fleet currently has 2 million horsepower and Weatherford’s is estimated at 800,000-1 million HHP. The combined horsepower as OneStim exceeds BJ Services’ 1.9 million...

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NOV Banks on Growing Demand for Longer Laterals, Improved Monitoring

On April 27, 2017, National Oilwell Varco (NYSE:NOV) released its Q1’17 results to investors in its quarterly earnings call. During the first quarter, the company booked orders for75,000 HHP additional hydraulic fracturing equipment, bringing the company’s 2017 total to 150,000 HHP 30 high-spec well servicing rigs, featuring components that optimize a rig’s ability to adapt to a variety of applications, including extended lateral completions 16 NOVOS™ rig operating systems, which automate drilling activities and leverage real-time data for optimizing...

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Permian: Midland & Crockett are Top Counties for Drilling Permits

The week of July 17th drilling permit activity was down -34%, with 65 permits issued. The top counties were Midland and Crockett. Both counties had 0 permits issued the week prior. Rig activity in the Permian showed positive signs, with rigs increasing +3 this week.The chart below shows the decline in activity this year compared to the same week at this time last year, which had 235 permits during the week. Core Permian Counties The top 5 permitting counties from last week (2015-07-10), which include Reeves, Lea,...

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