Frackers Plagued By Ultra-Thin Margins

Follow Dan on: @dandoyleoil Frac’ers never want to admit that they’re idle, but we’re idle. We need producers to work and right now they’re not working very much. Blame that on low natural gas prices, high interest rates, capital reallocation, stock buybacks, outsized dividends, election year follies, declining lease quality, burdensome regulations, or whatever other reason you like, but producers just aren’t working much these days. Inflation hasn’t helped our cause either. $58 oil in 2018 is the equivalent…