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OFS - Analyst Notes - August 28, 2019

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Frac activity declines accelerate with thorny H2 outlook US frac activity declines accelerated in August (down >4% m/m) as E&P operators remain quite budget conscious and both natural gas and NGL prices stink. The declines were most pronounced in the Permian, Northeast, and Haynesville. We also re-looked at m/m changes in US frac activity in 2018 and compared them to the changes seen thus far in 2019. Should 2H’19 play out similarly to 2H’18,......
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