You might have heard a few operators mention "frac holidays" during earnings season the past two quarters. Don't worry, you're not going to be flooded with discount emails and advertisements.
A "Frac Holiday" is a term used when an operator let's its frac crews take time off for various reasons.
Oil and gas operations have hundreds of steps and processes. Companies attempt to plan best as possible, but one thing they don't want is a bottle neck at the end of the line. If a company can't complete a well, it has a big investment and no revenue. For that purpose, a lot of companies work with excess frac'ing capacity. When crews get ahead of the drilling schedule, crews will be given time off to allow rigs to catch up.