In the company’s press release Thursday evening, Solaris said that activity could decline by 75% to 85% sequentially in the second quarter. This is in line with Infill Thinking predictions for US frac activity declines made here about three weeks ago.
This deep activity cut prediction is also supported by observations in the big three tight oil plays, where wellsite storage systems of all makes and models are filling up the yards. Here are some photos from the field and key market intel takeaways (in real time) from the company’s conference call this morning…
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