Granite Wash

Granite Wash Exclusives

Well service, workover, activity, glacial pace, Midcontinent, operators, routine maintenance, survival mode, rigs, fracking, shale, Hart Energy, survey

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.

Midcontinent, operators, turning, vertical wells, Hart Energy, survey, shale, fracking, drilling, completions, horizontal, laterals, slickwater, plug and perf, zipper frack

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.

Midcontinent, DUC, backlog, rise, pressure pumping, well stimulation, commodity, fracking, drilling, completions, Hart Energy, survey

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.

Granite Wash - Texas Drilling Permits Trends

7 Day Trend1 (-1)
30 Day Trend9 (+4)
1 Year Trend185 (-320)
View Permits

Granite Wash Gross Acreage

Company Net Acreage
Chesapeake 926,000
Apache 870,000
EnerVest/FourPoint 325,000
Unit Corp. 167,000
All Top Acreage Holders