STAGES Update: 12/17/2021

STAGES update for the second full week in December:

STAGES Pumped

Frac crew count dropped 11 this week for the largest drop since the freeze in February. The previous few years have seen large drops in crews in the last few weeks of the year. Is this just seasonal?

STAGES Created

The horizontal rig count increased by 1 resulting in an increase in 3 stages, due to a shifting on the basin mix.

STAGES Ratio

The STAGES Ratio dropped 3% in response to the drop in frac crews.