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In Case You Missed It: Proppant Pulse Highlights

A few weeks ago, NavPort released its quarterly Proppant Pulse report with data through August 2016. Below are some of the results from this report, including completion counts and proppant consumption for the U.S. and Canada.

U.S. Completions by Major Basin: Jan 2012 – Aug 2016, All Trajectories

U.S. Completions by Major Basin

After the U.S. market reached a low point in March 2016, completions have slowly started to increase over the last few months. August 2016 is currently expected to end the month ~30% higher than March 2016.

U.S. Proppant Consumption by Major Basin (lbs): Jan 2012 – Aug 2016, All Trajectories

U.S. Proppant Consumption by Major Basin

Similar to completion counts, total proppant consumption has started to increase in recent months, with August likely to come in at least 18% higher than March 2016.

Canada Completions by Major Basin: Jan 2012 – Aug 2016, All Trajectories

Canada Completions by Major Basin

With significant seasonal trends due to the break-up period, Canada has experienced a decline of completion in 2015 over 2016 and continues to see declining completions to date in 2016. From the beginning of the year until August, there has been a 42% decline in completions, which is 10 percentage points more compared to the same period in 2015.

Canada Proppant Consumption by Major Basin (Tonnes): Jan 2012 – Aug 2016, All Trajectories

Canada Proppant Consumption by Major Basin

From May to August 2016, total proppant consumption declined at an average rate of 15% each month. Alberta, with the highest market share of 2016 completions, also continues to hold a larger market share of proppant consumption thus far for 2016.

If you are not a current customer, but would like to hear more about our value-added reports including the Proppant Pulse contact us at support@rseg.com.

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