Disappointing E&P Budgets
To begin March, we summarized recent E&P capex data, updated our 2018 sand forecast, and downloaded 4Q frac efficiency data. The key takeaway is disappointing capex budgets that suggest the rig count could soon peak. Meanwhile, sand demand is also tracking below expectations with sand intensity stuck below 12.5 MM lbs per well.
For access to the full report visit: https://corasresearch.com/coras-trends/