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Not enough quality frac crews to meet the prices the service companies are looking to get for their services. A lot of workers left the industry and didn't come back after the downturn.
Yep, frac crews have been in short supply for awhile now. Additionally, development patterns have changed and that has impacted the number of DUCs. It is now somewhat rare to see a crew brought in for a single Haynesville or Cotton Valley well in Louisiana. Completions operations are now performed on multiple wells sequentially. Zipper fracs and multi-well completion ops are the new normal. This also helps to control costs and boost return. The only constraining factor is take away capacity. It takes a lot of pipe to handle that much gas.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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