This Chart Shows How The Oilfield Service Value Chain Has Been Turned Upside Down

In our weekly rig count update this week, we take a look at how frac sand volume per rig has trended the past few years. Plotting the sand/rig ratio reveals a rapid sea change in the Lower 48 oilfield service value chain.

 

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Featured rig photo (thumbnail image credit):

Work 122 days, get 8 off. Back to the grind. Day 8 and counting… . . . . #oilfield #riseandgrind #sunrise #cottoncandyskies #mountains #troutrun #pennsylvania #PA #rig #riglife #oilfieldstrong #MarcellusShale #drillbabydrill #oilandgas #naturalgas #oilfieldgirl #onshore #oilpatchnation #oilchasers #oilfieldheathens #girlboss #nodaysoff #workhardplayhard #pink #fall #autumn #marcellus #visitPA #Pennsylvaniawilds #PAwilds

57 Likes, 4 Comments – Chelsea Brooks (@chelssbrooks) on Instagram: “Work 122 days, get 8 off. Back to the grind. Day 8 and counting… . . . . #oilfield #riseandgrind…”