In pursuit of the lowest cost and most efficient option, there’s been a shift away from Northern white sand from mines in northern states to regional, or in-basin, sand from mines closer to home.
Multi-open-close system improves economics in challenging North Sea wells.
The acquisitions included the purchase of Red Bone Services and Tecton Energy Services, two oilfield service companies KLX Energy Services CEO says provide significant cross-selling opportunities.
The tight formation revolution rewarded technically skilled managerial teams. Now Wall Street’s demand for shareholder-friendly free cash flow presages a different business philosophy.
Domestic wells could produce as much as 1.4 Tcf a year, group says.
U.S. Well Services Inc. has executed a long-term electric frac fleet contract of up to four years with all options exercised with SWEPI LP, a subsidiary of Shell, on March 11.