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AMERICAS OIL: Primary Vision Frac Count Down, Signals Slow Start to 2025

AMERICAS OIL
USEnergy BulletsNorth AmericaBulletCommodities

Primary Vision Frac Count Down, Signals Slow Start to 2025 

  • The Primary Vision frac count fell by 7 to 188 in the week ended Jan 17, suggesting shale producers have yet to respond to the recent increase in oil and natural gas prices per Bloomberg. This included 3 releases in the Bakken and 2 in the Mid-Continent. The year-end forecast of 250 active frac fleets is up 33% from recent levels, as activity may increase from a two-year slowdown even as US oil production growth remains limited.
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Primary Vision Frac Count Down, Signals Slow Start to 2025 

  • The Primary Vision frac count fell by 7 to 188 in the week ended Jan 17, suggesting shale producers have yet to respond to the recent increase in oil and natural gas prices per Bloomberg. This included 3 releases in the Bakken and 2 in the Mid-Continent. The year-end forecast of 250 active frac fleets is up 33% from recent levels, as activity may increase from a two-year slowdown even as US oil production growth remains limited.