- Tight Gas & Oil
- Gas Hydrates
Reality of a subpar 2016 kicks in as Midcontinent operators delay activity. When activity does occur, routine maintenance accounts for 88% of job mix, the highest percentage for any domestic market.
The cost of drilling and completing horizontal wells has Midcontinent operators reducing horizontal activity. The trend is not huge statistically, but it continues to surface in Hart Energy regional surveys.
Demand for Midcontinent well stimulation services declined over the last 90 days, and are expected to decline further in 2016. Regional pressure pumping capacity is also oversupplied and underutilized.
|7 Day Trend||1 (-1)|
|30 Day Trend||9 (+4)|
|1 Year Trend||185 (-320)|