Frac Bifurcation Develops

We have highlighted trends from our most recent sand / completion download (June / July data), noting a record amount of sand that frac fleets are now pumping through their equipment (1.55 MM lbs / day). We also called out a small group of public frac companies (Tier 1) and some privates that appear to be moving up the efficiency curve faster than others. Please reach out to discuss company specific details.

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