STAGES Update: 12/23/2021

STAGES update for the week of Christmas:

STAGES Pumped

Frac crew count dropped 12 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 7 resulting in another high for STAGES Created this year.

STAGES Ratio

The STAGES Ratio dropped another 3% to reach 46%, which has been the historical average for when STAGES created and pumped are at parity.