Maverick06 said:
Prices are set by an index based on other service providers pricing. Not sure how they know other providers prices but that's the easiest way to explain it. An asset manager would say its more expensive because that's the cost they see on the surface. But the money is going from one pocket to another. Profit sharing is how they make it work and what actually makes it work financially.
There a few secrets in this business, particularly when it comes to bids. We aren't a service company, so to speak, but are inching prices up.
We had a booth at the SPE Frac Conference as well and thought the whole show was great.