Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”
Certarus Ltd. has entered into a flare gas capture and compressed natural gas supply agreement on Aug. 19 with a multinational American energy supermajor to service its electric hydraulic fracturing operations in the Delaware and Midland basins.
Dual fuel operations deliver millions in saved diesel fuel costs.
Pressure pumper Liberty Oilfield Services Inc. will wait to deploy its newest hydraulic fracturing fleet until market conditions improve, CEO Chris Wright said at a conference in Denver on Aug. 12.
Pumping service helps reduce variability for the stimulation treatment.
System makes it more economical to produce remote and offshore fields and lowers breakeven costs.
Shares of the FTSE 250 company fell 3.2% as of 3:00 a.m. CT after the company also reported a 7% drop in like-for-like orders.
The merger of Keane Group with C&J Energy Services is expected to create the third largest pressure pumper in the U.S., behind only Halliburton and Schlumberger.
With the appointment of Alan Oehlert as COO, Robert Rasmus will cease serving as the principal operating officer of Hi-Crush, but will continue in his role as chairman and CEO