- Tight Gas & Oil
- Gas Hydrates
Winter-time natural gas demand has kept activity for Marcellus well stimulation providers steady, albeit at low levels. In the meantime, providers wait for prices to improve.
Rig rates are stable in the Midcontinent, but demand for drilling services remain low. Attitudes are approaching capitulation among service providers who have little expectation that the market will improve anytime soon.
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.