Pressure Pumping

Business , Unconventional , Crude Oil , Shale Plays , Completions , Pressure Pumping

Will US Oil Production Ever Hit 13 Million Barrels Per Day Again?

Analysts discuss the outlook for the U.S. shale sector as it recovers from the latest downturn, awaiting higher global demand.

September 23, 2020

Exploration & Production , Drilling , Digital Oilfield , Completions , Artificial Lift , Enhanced Oil Recovery , Pressure Pumping , Well Stimulation , Water Management , Subsea

2020 Special Meritorious Awards for Engineering Innovation

An expert panel of judges has selected the top 25 industry projects that open new and better avenues to the complicated process of finding and producing hydrocarbons around the world.

September 9, 2020

Public Capital , Shale Plays , Pressure Pumping , Acquisitions & Divestitures

Schlumberger Exits North America Fracking Business in OneStim Sale

The sale of the OneStim fracking business by Schlumberger to Liberty Oilfield Services is expected to create one of the largest pressure pumping companies in North America.

September 1, 2020

Unconventional , Shale Plays , Completions , Pressure Pumping

Analysts See Frac Crew, Activity Growth Ahead for US Shale Sector

Most of the growth over the next year or so is expected to come from the Permian Basin and Eagle Ford Shale along with notable growth this year from some gas plays, analysts say.

August 26, 2020

Pressure Pumping , Water Management

Eureka Resources Wins US Patent for Wastewater Cleansing, Recycling Solution

Eureka Resources LLC has been awarded a U.S. patent on Aug. 24 for its groundbreaking approach to cleansing and recycling wastewater from oil and gas operations.

August 25, 2020

Restructurings , Public Capital , Shale Plays , Pressure Pumping

Texas-based Pressure Pumper FTS International to File for Bankruptcy

Fort Worth, Texas-based pressure pumper FTS International plans to voluntarily file for bankruptcy in the coming weeks to implement a prepackaged Chapter 11 plan of reorganization it says will pave the way for future strategic growth.

August 24, 2020

Pressure Pumping

ProPetro to Run More Hydraulic Fracturing Fleets in Coming Months

U.S. hydraulic fracturing firm ProPetro Holding Corp. plans to run between seven to eight fleets this quarter, up from an average of four fleets in the second quarter, executives told investors on an earnings call on Aug. 5.

August 6, 2020

Public Capital , Earnings , Drilling , Pressure Pumping

Schlumberger Posts Quarterly Loss as Oil Rout Triggers $3.7 Billion Charge

Oilfield services giant Schlumberger on July 24 reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.

July 24, 2020

Unconventional , Pressure Pumping

US Fracking Set for First Monthly Rise This Year; Permian Leads Recovery

The running rate of frac activity in the Permian has shifted from 15 to 20 wells per week in May and June, to 40 to 45 wells per week in the last three weeks. Last week, week 29, activity was particularly strong with 63 started frac operations based on our preliminary estimates. This level of activity has not been seen in the Permian since early April this year.

July 23, 2020

Company Profiles , Unconventional , Shale Plays , Pressure Pumping

PATH FORWARD: NexTier Oilfield Solutions CEO Talks Recovery, US Shale’s Global Role

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.

June 10, 2020