BJ Energy Solutions has entered into a fracturing services agreement on May 5 to provide Comstock Resources with its TITAN next-generation fracturing technology. A TITAN fleet will be deployed to Comstock's Haynesville operation in early 2022, representing the company's second TITAN fleet in the basin.
This contract will support Comstock's completions program over the next three years. With the deployment of a 100% natural gas-powered TITAN fleet, the company will work closely with Comstock to improve greenhouse gas emissions and overall well economics through the elimination of diesel fuel use, well site minimization, and improved operational efficiencies.
“We have taken considerable time to evaluate BJ's next-generation technology. The TITAN solution will provide a substantial contribution toward Comstock's CO2e and methane reduction goals while also improving our economics. We are thrilled to be working with BJ on this initiative,” Dan Harrison, Comstock's COO, said.
Diamond Offshore Drilling recently skipped making an interest payment and retained advisers to help it evaluate various alternatives “with respect to its capital structure,” according to an SEC filing on April 16.
Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.
It has been depicted as a new David-and-Goliath tale for Wall Street: a tiny hedge fund called Engine No. 1 went up against the mightiest oil company in the U.S. and won three seats on its board, with a mandate to prepare it for a future free of fossil fuel.