Permian Still Needs 60 Frac Fleets

To begin 2018, we investigated 2018 frac fleet
deployments and implications for US shale production. In
West Texas, we have identified demand for an additional 60
frac fleets (3MM horsepower), which, if added, would result in
another 1.7MM bbl/d of production growth in the area. Conversely,
the Rockies / Bakken has slowed considerably over
the last few months, potentially impacting results for HAL,
CFW, and Liberty (already pre-released flat 4Q revenues).

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