Or get Chesapeake to follow thru on their contract obligations and pay for services rendered.
Write offs and charge offs like in 4Q are devistating to our financials, yet we still are on Frac jobs for them.
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@1nfb+14djkAuw if you can get the cost down close to $0 or negative it may be economic. With negative net-back prices at some wellheads I don't think fuel gas is going to make a dent. - E&P Companies
Adios amigos.
My crew is still fracking. Crossing my fingers that we're one of the crews left after this mess hits rock bottom.
I wonder what the breakeven price is on a well with one of those electric frac spreads using formation gas as fuel. I don't know what percentage of the cost goes to fuel on a typical frac job, but in theory, I would imagine they could get the costs much lower that way.
down 9 fleets as of 1.5 weeks ago.
Quite a few crews showing unsold on Click...hope that's just lazy BD not getting quotes out...
More than there will be next week.