The horizontal re-frac market within the US onshore scene has boomed in recent years, with the number of horizontal re-frac jobs increasing every year over the last 10 years.
In 2009, fewer than 10 wells were re-fracked, but in 2018 that number ballooned to more than 550 wells.
One key takeaway is that, despite an increase in the number of re-fracked wells, the relative size of the horizontal re-frac market, compared to the original completion market, peaked during the downturn in 2016 at 5.3%, and declined to 3.8% last year.
The most mature liquid basin in the US, the Bakken, has seen the greatest horizontal re-frac market growth in the county so far. As of 2017-2018, the Bakken accounted for between 40% and 50% of nationwide horizontal re-frac activity. The Appalachia, Eagle Ford, Permian and Haynesville basins also saw significant horizontal re-frac activity in recent years, while several successful vertical re-frac programs were executed in the Barnett Shale and Niobrara basins.
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Head of Shale Research
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