Primary Vision

Primary Vision Home of the Frac Spread Count!

Venezuela may need U.S. horsepower. The bigger question is where that capacity can actually come from.Primary Vision tra...
09/01/2026

Venezuela may need U.S. horsepower. The bigger question is where that capacity can actually come from.

Primary Vision tracks the fleets, capacity and basin exposure behind that answer.

09/01/2026

TechnipFMC’s Q2 commentary points to a shift in how subsea projects are being developed.

Earlier supplier involvement, standardized solutions and portfolio based planning could help operators shorten project cycles and improve economics.

The bigger question: Does the next subsea advantage begin before project award?

Primary Vision’s Frac Spread Count™ was featured by Yahoo Finance as U.S. completion activity pulled back in August.The ...
08/31/2026

Primary Vision’s Frac Spread Count™ was featured by Yahoo Finance as U.S. completion activity pulled back in August.

The count fell by 9 to 184 crews in the week ending August 21, following a 3 crew decline the week before.

Why does that matter?

Because frac activity helps show what is happening between drilling plans and actual production. That is the gap Primary Vision is built to track.

When major financial media references the Frac Spread Count™, it reinforces something important: completion activity is becoming a harder signal to ignore when assessing the direction of U.S. oil and gas.

What are you watching more closely right now: rigs, frac spreads, or actual job counts?

This week's Frac Spread Count and Frac Job Count data is now LIVE!The latest numbers are available on our site current s...
08/28/2026

This week's Frac Spread Count and Frac Job Count data is now LIVE!

The latest numbers are available on our site current spread deployments, job completions, basin-level breakdowns, and week-over-week movement.
If you're tracking U.S. completions activity, this is the weekly update that tells you what's actually happening in the field.

Access the data:
www.efracs.com

The biggest U.S. macro signal last week did not come from the economic calendar. It came from the bond market.The questi...
08/28/2026

The biggest U.S. macro signal last week did not come from the economic calendar. It came from the bond market.

The question is no longer simply what the Fed does next.
It is what happens when higher long term borrowing costs start doing some of the tightening themselves.

And the U.S. is only one part of this week's macro story.
Europe enters winter with a different energy risk. China is confronting a different capital problem. Together, they point to a global economy facing three very different constraints.

www.efracs.com

[U.S. Treasury yields, 30 year Treasury yield, 10 year Treasury yield, bond market, duration risk, term premium, Federal Reserve, financial conditions, U.S. housing market, housing starts]

The OFS recovery is broadening. But not every part of the cycle is moving together.Completions are showing the strongest...
08/27/2026

The OFS recovery is broadening. But not every part of the cycle is moving together.
Completions are showing the strongest momentum. Production services are beginning to follow. Drilling and well construction, however, are telling a different story.

What makes this quarter particularly important is not simply where revenue grew. It is where earnings responded faster than activity, and what that may be telling us about utilization, service capacity and the structure of the OFS recovery.

Is this the beginning of a broader upstream cycle, or are we looking at a more selective recovery driven by tighter capacity?

Our latest analysis connects the Q2 earnings signals across Liberty Energy, ProPetro, Patterson UTI, ProFrac, Weatherford, NOV, SLB and Halliburton and looks at what could come next.

www.efracs.com

[Oilfield Services, OFS Earnings, Q2 2026 Earnings, North American Completions, Completion Services, Pressure Pumping, Frac Activity, Frac Utilization]

Over the past few posts, we have shared pieces of Primary Vision’s feature in the August 2026 edition of The American Oi...
08/27/2026

Over the past few posts, we have shared pieces of Primary Vision’s feature in the August 2026 edition of The American Oil & Gas Reporter. This final look brings the full story together!

The article, “Frac Spreads Must Stay Active To Meet Gas Demand,” connects a question that is becoming increasingly important for U.S. energy markets:

As AI infrastructure expands, what does growing electricity demand ultimately mean for natural gas, completions and U.S. production?

From AI power demand and gas conversion scenarios to the basins positioned to respond and the role of the Frac Spread Count™ and completion efficiency, the feature follows that chain all the way back upstream.

A fitting way to close this series and a great moment to see Primary Vision’s research beyond the screen and on the printed page.

Where do you see the strongest connection between AI infrastructure growth and upstream activity emerging?

www.efracs.com

[Primary Vision, The American Oil & Gas Reporter, AOGR, Frac Spread Count, frac spreads, hydraulic fracturing, completion activity, completion efficiency, U.S. natural gas]

Primary Vision was recently featured in Natural Gas Intelligence (NGI) as the market weighs a potentially larger natural...
08/27/2026

Primary Vision was recently featured in Natural Gas Intelligence (NGI) as the market weighs a potentially larger natural gas storage build against weakening U.S. drilling and completion activity.

How should we read future supply when natural gas storage, rig activity and hydraulic fracturing activity are no longer sending the same signal?

[U.S. natural gas, natural gas storage, U.S. natural gas supply, Frac Spread Count, hydraulic fracturing, frac activity, completion activity, U.S. rig count, drilling activity, shale activity]

08/25/2026

Longer laterals are creating a bigger opportunity for frac chemical suppliers.

But bigger demand does not necessarily mean the opportunity gets distributed equally.

Primary Vision’s latest Permian analysis reveals very different approaches to how operators build their supplier mix, and those differences could become increasingly important as completions grow larger and more chemically intensive.

This is where our Frac Chemistry Inspector adds another layer. Built on public disclosure data, it helps identify who is supplying each job, what chemicals are being used, treatment types and chemical mass down to individual ingredients, turning fragmented disclosures into data that can be compared across operators and completions.

For suppliers, the question is no longer simply how much chemical demand is growing.
It is who gets to capture it.
See what the Frac Chemistry Inspector is uncovering in this week’s Monday Macro View.

Primary Vision’s Frac Spread Count™ is once again part of the wider U.S. shale conversation.Featured by Oilprice.com, th...
08/25/2026

Primary Vision’s Frac Spread Count™ is once again part of the wider U.S. shale conversation.

Featured by Oilprice.com, the latest FSC moved down 3 to 193 crews, even as oil prices strengthened.

That divergence is worth watching. Higher prices do not automatically translate into higher completion activity.

What will the next FSC tell us?

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