• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 hours Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 2 hours Tesla Launches Faster Third Generation Supercharger
  • 42 mins EU has already lost the Trump vs. EU Trade War
  • 3 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 2 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 2 hours ''Err ... but Trump ...?'' #yawn
  • 4 mins China's Renewables Boom Hits the Wall
  • 22 hours Climate Change Consensus Shifts in Wind, But Gas Is Still the Right Move
  • 1 day Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 3 hours Crazy Stories From Round The World
  • 2 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 1 day Trump Interview On Farage's Radio Show #classy
Alt Text

Is U.S. Shale Circling The Drain?

There’s a lot going on…

Alt Text

The World’s Most Vulnerable Oil

The modern geopolitical landscape is…

Alt Text

The Uncertain Fate Of U.S. Shale In 2020

The fate of U.S. shale…

Rystad Energy

Rystad Energy

Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s…

More Info

Premium Content

Has U.S. Fracking Activity Peaked Already?

Shale drilling activity in the US likely dropped to 44 jobs per day in November 2018, Rystad Energy’s analysis of preliminary data suggests.

We conclude that nationwide fracking activity was mostly stable from April 2018 to August 2018 at an average daily level of 48 to 50 fracked wells. However, the fracking rate has slipped some since and remains between 44 and 46 in the period of September to November 2018.

“After reaching a peak in May/June 18, fracking activity in the Permian has gradually decelerated throughout the second half of 2018,” says senior analyst Lai Lou.

(Click to enlarge)

“A key observation is that as we move into November, there is evidence that seasonal activity deceleration might have started in all major plays except Eagle Ford”, Lou adds. “There has been a considerable slowdown in Bakken and Niobrara in November based on our estimation.”

The latest FracFocus update, a national US database, was released on January 1. It provides sufficient visibility on fracking operations across the US in November 2018, yet the uncertainty range for November remains significant, as indicated by the figure above.

Some major operators are bucking the general slowdown. The largest operator, ExxonMobil, experienced a strong uptick in October, making it one of the months with the highest number of fracked wells in this period. Energen Corporation is also unaffected by the slowdown.

(Click to enlarge)

“In general, many of the key operators have exhibited a largely flat trend from June to October 2018, which implies that the market-wide deceleration in fracking activity has a more significant implication for smaller operators in contrast to the major players in the Permian”, Lai said. “In terms of absolute numbers, the reduction in the number of jobs for top 10 operators collectively is around 10% from June to October while the corresponding percentage for the remaining operators is as high as 48% in the same timeframe.”

Rystad Energy’s analysis is based on currently available data. Underreporting implies that the reduction in percentage will be smaller then what we see as of today.

By Rystad Energy

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Greg on January 07 2019 said:
    The US fracking industry has been swimming naked. When the tide goes out, oil will rediscover its true price.
  • Donald Juist on January 07 2019 said:
    Small operators are typically undercapitalized. They need higher prices going forward.

    But always consider "drilled but not fracked" wells in your thinking. Without those numbers the author is simply just jerking readers' chains. The world is multidimensional, and some writers are simply not up to the task of comprehending what is going on.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play