NRGD - Utilization Improved In Q2 2019 With Stable Demand And Pricing Expected In The Hydraulic Fracturing Market Through 2019
Compared to the first quarter in 2019 (2019-Q1), IHS Markit estimates that for the second quarter, hydraulic fracturing demand in the US has increased; however, this is partly offset by an increasing US supply of around 700,000 HHP. Indeed, contrary to previous expectations, capacity additions have continued for several suppliers, even with the oversupplied market conditions, which is likely a result of supply already ordered in 2018.
Compared with the previous quarter, the greatest drivers of upward demand were the Permian, Eagle Ford, and Marcellus/Utica, while the Haynesville and Anadarko regions had the greatest drops