Monday Macro View – Frac Utilization and U.S. Oil Production
The EIA recently confirmed that U.S. total energy production reached 107 quadrillion BTUs in 2025, a 3.4% increase over 2024 and the fourth consecutive annual record. Crude oil production rose to 13.6 million barrels per day but both the FSC and FJC fell YoY basis. What explains the increase in production then? Consider the Frac Utilization Rate. What it is? How does it work? How does it correlate with shale production? Find answers to these questions in this week’s Monday Macro View.*
Market Sentiment Tracker – Bond Yields Are Rising
What’s driving the sudden jump in global bond yields? Why are US, European, and Japanese debt markets all flashing warning signs at once? Could stubborn inflation, rising borrowing costs, and fragile government finances trigger the next big market shock? From the Fed to the ECB and the Bank of Japan, the pressure is building fast. Read the full article to find out what happens next. Read all of this in our Market Sentiment Tracker*.
Key Takeaways: Patterson UTI and SLB
What’s next for Patterson-UTI after Q1 2026? Can rising oil prices, stronger LNG demand, and tighter frac capacity fuel a shale recovery? Why is PTEN betting on high-spec, natural gas-powered fleets instead of older diesel equipment? And does its valuation still look reasonable against peers? Read the full article to find out what could shape PTEN’s outlook into 2027.
What’s shaping SLB’s outlook after Q1 2026? Can higher oil prices, energy security needs, and recovering upstream activity drive growth despite Middle East disruptions? How are digital, AI, ChampionX, and new data center opportunities changing SLB’s strategy? And does the stock look undervalued compared with peers? Read the full article to find out what could define SLB’s recovery through 2026.
Atlas Dune Express and $400M investment
In this special article, we look at Atlas’ Dune Express and why it could reshape frac logistics. Can a 42-mile conveyor system lower costs, improve delivery reliability, and reduce dependence on trucking? Why does utilization matter so much after a major investment? And could Dune help Atlas become more than just another frac sand supplier? Read the full article to find out.
Free Read: Will we run out of jet fuel and gasoline?
Refiners are being pulled in two directions — Europe desperately needs jet fuel, America is heading into driving season. But when you push refinery yields toward kerosene, what happens to gasoline supply? With inventories already well below seasonal norms and demand refusing to flinch at $4.50, the answer might surprise you. Read this week’s Free Read to learn more.
If You’re Still Relying on Lagging Data, You’re Already Behind. EFRACS shows where activity is moving before production reacts.
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