NexTier Oilfield Solutions CEO Robert Drummond joins Hart Energy editors for a conversation centered on his outlook for the oilfield services sector’s recovery on the other side of this downturn.
The U.S. independent producer’s laser focus on low cost of supply resources has had a significant impact on its technology roadmap, CTO Greg Leveille says.
While a recent rebound in oil prices has some E&P companies restarting activity, ProPetro CEO Phillip Gobe warned current pricing remains unprofitable for service firms.
Patterson-UTI is counting on its balance sheet to get it through tough times and its technology to push toward potential market share gains.
Basic Energy Services Inc. has successfully tested an automated water management solution with a major U.S. operator, the company said on May 8.
Bosch Rexroth’s subsea valve actuator enables the electrification of subsea production systems not only for the development of greenfields, but also for the modernization of brownfields.
ResFrac Corp., an innovative simulation software provider, said May 5 that the company has closed a preferred share financing with its financial sponsor Altira Group.
Oilfield service firm Patterson-UTI Energy Inc. on April 23 warned investors it would see a 60% decline in activity this year as shale companies slash spending and halt activity amid an unprecedented decline in oil prices.