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An e-frac crib sheet: why the future of pressure pumping pivots away from diesel

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23 August 2019

An e-frac crib sheet: why the future of pressure pumping pivots away from diesel

Report summary

Efficiency improvements continue to be in the crosshairs of E&Ps and investors. Are there any step-change events on the horizon? Yes. And electric frac fleets (e-fracs) need to be on everyone's radar. The hydraulic fracturing market is huge. Each shale well drilled in the Lower 48 requires somewhere around 50 frac stages. Larger completions have fuelled much of the breakeven reductions experienced the past few years. Long branded as a technical leader in shale, EOG is using four electric frac fleets in the Delaware Basin and Eagle Ford. This accounts for a quarter of the company’s completions and effectively contracts a third of the entire estimated electric frac fleet today. What are the drivers behind this? They're twofold.

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