More Fleets On Deck

We have put together a list of E&Ps that could likely add frac fleets over the next couple months based on 1) available capex 2) idle DUCs 3) declining production and 4) field checks. Altogether, we’ve counted ~15-20 E&Ps with near-term need for 20-25 fleets and another 20 E&Ps that could pick up a spot fleet in coming months. By year end, we are estimating a total of 120 fleets could be fully-utilized (150 staffed), up from ~70-80 (100 staffed) in June.

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