To the Mattresses: On the OFS Front

Several oilfield service shops have cash and no or little debt. They plan to expand.

To the Mattresses: On the OFS Front

Solaris Oilfield Infrastructure Inc. silos of proppant at a multilwell pad in the Permian Basin. (Source: Solaris Oilfield Infrastructure Inc.)

Check in on oilfield service firms’ (OFS) outlooks in mid-April, they said. It’ll be fine, they said.

And it was, when talking to an OFS executive who once drank the frac fluid, one who handles produced water and one who delivers sand.

A bonus: some virtual birding as each was working from home. In Denver and on the Texas coast, springtime courtship serenades were well underway.

April frac starts in the U.S. were some 300—“the largest monthly [percent] drop in fracking activity ever recorded in the U.S.,” reported research firm Rystad Energy near month-end. The February count was 807, falling in March to 550.

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Nissa Darbonne

Nissa Darbonne is author of The American Shales and has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas.