Robust activity is heating up North American frac market, PacWest says

HOUSTON -- PacWest Consulting Partners forecasts strong market growth in the North American market for hydraulic fracturing services through 2016 due to robust drilling and completion (D&C) activity, with frac pricing increases expected through 2015. Tightening market conditions are resulting in supply chain constraints in key growth plays. Constraints in the availability of frac sand and the logistics capacity to transport the frac sand are leading to cost escalation and work delays. PacWest provides an in-depth analysis and set of forecasts for the North American and International frac markets in the 14Q2 release of its PumpingIQ report, just published on Aug. 15.

More »