Frac Sand Weekly News Digest

ProFrac shared their latest results and market outlook this week, and frac market challenges were apparent in the numbers.

A graph of change in various parameters for the business of frac’ing on US Land since 2012.

There are many recent E&P comments on well costs / service pricing from E&P earnings season.

EOG buys the right to drill underneath an Ohio wildlife area.

Boots on the ground report from the heart of northeastern shale.

However, demand is still seen at healthy levels—well above the historical average of 1.4 million barrels a day seen before the pandemic, according to OPEC.

Within the past couple weeks, most public E&P operators posted 2Q24 results and shared 2024 D&C plan updates.

Over 500 pumping hours, the team pumped 109 million pounds of proppant.

What’s shale doing about the hottest trend in the broader economy this year?

ProFrac reported total revenue of $579.4 million for the three months ended June 30, 2024, representing a decrease of $129.8 million from the same period in 2023.

Data points following where budgets are looking at the current spend rate.