More Permian Basin wells are being hydraulically fractured and completed than ever before, and the work is being done with far fewer workers than just a year ago, according to new studies.

Puro Pinche Oilfield Caps

Almost 550 Permian wells were fracked in June – about 18 per day – surpassing the previous August 2018 record of about 520 wells, according to research firm Rystad Energy, which analyzed statistics from the FracFocus database.

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Fracking involves pumping large volumes of water, sand and chemicals into already drilled wells in order to help break apart shale rock and release the oil and gas from within the horizontal wells. [read more]