The running rate of frac activity in the Permian has shifted from 15 to 20 wells per week in May and June, to 40 to 45 wells per week in the last three weeks. Last week, week 29, activity was particularly strong with 63 started frac operations based on our preliminary estimates. This level of activity has not been seen in the Permian since early April this year.
Recovering more for less is the ultimate goal for operators and service companies.
Tech giants like Microsoft, Amazon and Google are putting their capabilities to work with the oil and gas industry, says Weatherford Vice President Manoj Nimbalkar.