Lower prices = BIGGER Wells
We have updated our sand and stages per well data, noting a reacceleration in well intensity from Permian op- erators. While the ramp in local mines has been negative for sand providers, it is creating a windfall for E&Ps that can take advantage of lower prices to pump higher volumes. Separately, recent SLB data highlights a major shift to small / spot cus- tomers while recent DUC data (declining) illustrates the need to ADD RIGS (ex-Permian).
For access to the full report visit: https://corasresearch.com/coras-trends/