Undoubtedly, pressure pumping prices will rise, both from increased demand and because fracking companies need higher prices for their long-term financial health.
Mike Gerstner, southern region manager for pressure pumper Cudd Energy Services, estimates that service providers in the basin needed to see a 20% price increase in the coming year to become profitable.
The new fracture designs and a shift toward multi-well pads can offer efficiencies for fracking companies that can help them be more profitable, Halliburton completion and production southern region director Stephen Ingram says.
