According to an analysis from PacWest Consulting Partners on May 29, the market for hydraulic fracturing services in North America will be strong through 2016 due to “robust drilling and completion [D&C] activity.”
Prices will increase “moderately” in 2014, according to a press release about the PumpingIQ and WellIQ reports. These will be the first price increases since late 2011, the press release said.
PacWest said that domestic demand for fracturing services should increase by 10% this year, adding that the demand should increase by 11% in Canada.
"Multiwell pad ...