Digging Through Early 3Q Data
We have downloaded initial 3Q18 completion data, noting that U.S. activity was surprisingly firm early in the quarter. Areas of strength included the Bakken, Delaware, and Eagle Ford, while the Marcellus, Utica, and Haynesville have turned sharply lower. We have also updated our completions vs production data to account for the anticipated drop in Permian completions (down 10-15%) over the next several months.
For access to the full report visit: https://corasresearch.com/coras-trends/