Simmons & Co Report

Fluid ends are a major equipment expense for frac companies. There are two types of fluid ends: carbon-based and stainless steel. The carbon-based option is frequently characterized as lower quality, offering a shorter relative life. Frac companies generally claim carbon-based fluid ends last between 300-600 pumping hours. The benefit of these units, however, is a cheaper price with carbon-based fluid ends costing ~$45,000 to $50,000. Stainless steel fluid ends, on the other hand, are higher quality and more durable. Frac companies generally report useful lives in the 1,000 to 1,500 hour range. With higher quality comes higher price as these fluid ends cost anywhere from $65,000 to $90,000 per unit. One mid-size frac player reports its fluid end costs are $68,000/unit...

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