STAGES
Frac Trends, Analysis, News
STAGES Pumped
The Primary Vision Frac Spread count provides a weekly summary of how many active Frac Crews there are in the US. Using this information, along with knowledge of current operations, I’ve calculated how many stages are being pumped in the US for the previous week.
Week Ending 1/28/2022
14,616 (224)
STAGES Created
The Baker Hughes Rig Count provides a summary of how many rigs are operating in the US. Using this information along with knowledge of wells/month and stages/well by basin, I’ve calculated how many stages were created through drilling each week.
Week Ending 1/28/2022
14,018 (219)
STAGES Ratio
Understanding the frac crew to rig ratio could provide some insight into where the market is moving. What is the balance between stages created and stages pumped.
Week Ending 1/28/2022
47% (-1%)
STAGES Update: 8/6/2021
August 6, 2021 Update: STAGES created continued to increase as the STAGES pumped dropped. The STAGES ratio and the 6-month moving average have now converged. Could this indicate an inflection point in the market?
STAGES Update: 7/30/2021
July 30, 2021 Update: STAGES created continued to increase as the STAGES pumped dropped. The STAGES ratio and the 6-month moving average have now converged. Could this lead to an inflection point in the market?
STAGES Update: 7/23/2021
July 23 2021 Update: STAGES continue to increase, bucking a soft week for oil prices, plus the top operators in the Permian & Anadarko..
STAGES Update: 7/16/2021
July 16 2021 Update: STAGES continue to increase. STAGES created are outpacing STAGES Pumped. How will the drop in oil price after the OPEC meeting affect this trend?
STAGES Update: 7/9/2021
July 9 2021 Update: STAGES continue to increase and two major STAGES-related acquisitions were announced this week.
STAGES Analysis: Pioneer Natural Resources
With the acquisition of Parsley and DoublePoint Pioneer has become “THE” operator in the Permian Basin. They represent a huge and growing opportunity for service companies.
STAGES Update: 6/18/2021
June 18, 2021 Update to the STAGES Report - While the rig count gained 5 for the week, the stages created dropped slightly due to mix.
STAGES Update: 6/11/2021
June 11, 2021 Update to the STAGES Report - STAGES Created and Pumped increased with larger jumps in Rigs and Crews.
STAGES Update: 6/4/2021
June 4, 2021 Update to the STAGES Report - Stages created increased as the number of stages in each Permain well is trending upward. STAGES Ratio remained the same.
STAGES Update: 5/28/2021
May 28, 21 Update to the STAGES Report - Stages pumped and created both increased. The STAGES Ratio fell by 1%.
STAGES Update: 5/21/2021
May 21, 21 Update to the STAGES Report - Stages pumped remained flat while the STAGES created fell slightly. The STAGES Ratio remained the same.
STAGES Analysis: EOG
In 2021 EOG will pump nearly 30,000 stages. The innovations and processes they’ve put into place have increased their completion efficiency and overall well costs. Their inventory of wells with a higher than 60% ROCE will last them over 10 years at the current drilling rate.
STAGES Ratio: A Look Forward
The STAGES Ratio presents a single metric to gauge the balance between frac STAGES created and pumped. When compared to a moving average it can indicate future movements in the market.