Here’s A Look At The Shrinking Rig/Frac Spread Ratio That Halliburton Mentioned Monday Morning

On Monday morning, Halliburton discussed shrinkage in the ratio of drilling rigs to frac spreads in the US market.

In our weekly rig count update, we quantify the trend with a chart and discuss its implications.

There’s a lot more to this story…

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feature image is drilling rig photo of the week from social media:

The view from above! Drilling ahead! . . . #oilfieldphotography #drillingwyoming #blackgoldbrotherhood #oilfieldlife #drilling #oilrig #drone #dji #djimavicpro #skyview #rig #keepitturningtotheright #drillersclub #dailydronejournal

67 Likes, 7 Comments – John Qualls (@johnq13) on Instagram: “The view from above! Drilling ahead! . . . #oilfieldphotography #drillingwyoming…”