Technology Exclusives

Bakken, shale, 60, oil, activity, recovers, pressure, pumping, demand, uncompleted, wells, backlog

Demand for pressure pumping services in the Bakken Shale is flat, the inventory of drilled but uncompleted wells is rising, and pricing is off 18% vs. August.

cost, saving, Bakken, operators, reduce, proppant, loading, downhole, completions, shale

The volume of sand use per well has dropped as Bakken operators seek additional cost savings. Average sand per well is 5 million pounds, down from 6 million pounds 90 days ago.

rig rates, Bakken, shale, drilling, services, markets, utilization

Regional rig utilization has fallen to 40% with little work outside the Bakken core. Several contractors said they don’t expect demand for drilling services in the region to improve until 2017.