Pressure pumping equipment supply will remain tight:

Shale production is currently constrained by pressure pumping equipment shortages. Aging pressure pumping fleets will only compound this over the next year and significant investment is still required. This is partly evidenced by the latest EIA Petroleum Supply Monthly with data for July 2017, U.S. production has grown by 467,000 bpd for the first 7 months of the year. This would annualize to 800,000 bpd, far below consensus expectations of 1 – 1.2 million bpd.

Halliburton’s (HAL) CEO commented on this as well, stating “the day when supply and demand come into balance is further out than people think” due to equipment needing replacement. It is important to note that completions intensity is higher than ever, meaning equipment is being run harder. This increases maintenance costs and shortens life.

Spooltech can help you meet this demand head-on. Our goal is to make the entire process easy!