Shale drilling activity in the US likely dropped to 44 jobs per day in November 2018, Rystad Energy’s analysis of preliminary data suggests. We conclude that nationwide fracking activity was mostly stable from April 2018 to August 2018 at an average daily level of 48 to 50 fracked wells. However, the fracking rate has slipped some since and remains between 44 and 46 in the period of September to November 2018. “After reaching a peak in May/June 18, fracking activity in the Permian has gradually decelerated throughout the second half of 2018,” says senior analyst Lai Lou. (Click to enlarge) “A key observation is that as we move into November, there is evidence that seasonal activity deceleration might have started in all major plays except Eagle Ford”, Lou adds. “There has been a considerable slowdown in Bakken and Niobrara in November based on our estimation.” The latest FracFocus update, […]