- Tight Gas & Oil
- Gas Hydrates
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.
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.
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.