As well completions companies gear up for a new year following unprecedented times in the oil patch, analysts and industry executives shed light on the path ahead. Is this beleaguered sector regaining strength or just powering through?
To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance.
U.S. Well Services Inc. has executed two contracts on Jan. 13 to expand its electric fracturing services for EQT Corp.
Victory Elements has commercially released its water dissolvable ceramic tooling for hydraulic fracturing and maintenance of oil and gas wells, the company said on Jan. 5.
Against staggering odds—an unprecedented crash in oil prices and COVID-19—the technology space in the oil and gas sector exceeded the test of resiliency put forth by a turbulent 2020.
ProPetro Holding Corp. reported on Dec. 21 that David Sledge, the current COO, will be succeeded in his role by Adam Muñoz at the end of 2020.
If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an interview with Reuters on Nov. 23.
NexTier Oilfield Solutions Inc. and National Oilwell Varco Inc. have entered into an agreement on Nov. 18 to collaboratively field test NOV’s electric fracturing system known as the Ideal eFrac fleet.
David Schorlemer assumed all duties of CFO at ProPetro effective Oct. 23 as part of the planned departure of the Midland, Texas-based service provider’s former CFO, Darin Holderness.