Takeaways From the DUG Permian Industry Conference

Over the last two days, we met with a large number of service companies and E&Ps at the DUG Permian conference in Fort Worth. Our key takeaway included overwhelming demand for local sand (much faster than what can be produced) while spot prices for frac work continues to deteriorate. At a higher level, the industry is acutely concerned about potential bottlenecks, with incremental activity coming at a very measured pace.

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