STAGES Update: 7/30/2021
STAGES update for the July 30th:
STAGES Pumped
The frac crew count fell by 4 down to 239.
STAGES Created
The horizontal rig count continued to increase this week resulting in higher created STAGES.
STAGES Ratio
The STAGES Ratio was fell to 54% as the frac crews fell and rig count increased. The 6 month moving average and current STAGES ratio have now converged. If these cross, it could present an inflection point in the market.