Rystad estimates that the total number of started frac operations will end up below 300 wells in April 2020.
The VX Hydraulic Fracturing Pump Fluid End has been designed for use with GD-2500Q hydraulic fracturing pumps and comparable 8 in. stroke quintuplex power ends from other manufacturers.
The revised 2020 capital budget of US$1.3 billion or less includes the implementation of 2Q20 frac holidays in the Bakken and Eagle Ford.
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Achieving the 10 000 stages milestone fulfills the Equinor vision for Reveal Energy Services, an Equinor spin-out in 2016, to commercialise and further develop IMAGE Frac™ pressure-based fracture maps.
Maria Cortez, Wood Mackenzie, has said that Ecopetrol's decision to form the joint venture is part of an aggressive diversification strategy that the company has pursued in recent months.
Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.
The technology aims to address parent/child well interference and other completion problems that are contributing to shale well underperformance.