A seasonal increase in the number of US shale basin-based frac spreads has not materialized. Back in September, Rigzone reported that a firm that gauges the U.S. upstream industry’s health based on hydraulic fracturing activity held out the possibility of a rebound – albeit a temporary one. At the time, Primary Vision LLC Principal Matt Johnson said that a seasonal increase in the number of U.S. shale basin-based frac spreads has occurred in recent years during the fall prior to the holidays. Johnson had noted the number of frac spreads – also known as “frac fleets” and a term that refers to the equipment a pressure pumper (a type of oilfield services company) uses to perform a frac stimulation job to complete a well – was trending downward since mid-spring of this year. The potential fall frac spread rebound did not materialize in 2019, Johnson told Rigzone Wednesday. “We’ve […]