Pressure Pumping

Pressure Pumping

Gardner Denver Introduces New Hydraulic Frac Pump Fluid End

Gardner Denver High Pressure Solutions has launched on April 14 its new, next-generation, cost-efficient fluid end: the Gardner Denver VX Hydraulic Fracturing Pump Fluid End (VX). 

April 15, 2020

Exploration & Production , Shale Plays , Pressure Pumping

U.S. Well Services, EQT Finalize Long-Term Electric Frac Contract

U.S. Well Services Inc. has executed a long-term contract on April 8 to provide electric hydraulic fracturing services for EQT Corp. using its next-generation Clean Fleet technology.

April 9, 2020

Earnings , Pressure Pumping

ProPetro Plans up to 20% Cut to Executive Pay as Oil Slumps

ProPetro Holding Corp. said on April 9 it will reduce compensation at different levels by up to 20%, the latest oilfield services provider looking to rein in costs to weather a steep drop in oil prices.

April 9, 2020

Public Capital , Completions , Pressure Pumping

Shale Service Providers Liberty, NCS Multistage Lay Off Workers

Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.

April 3, 2020

Exploration & Production , Pressure Pumping

Shale-well Frackers Grind To a Halt as Oil Prices Collapse

An estimated 31 hydraulic fracturing fleets, or 11% of those currently operating, were turned off in the last week, according to data from consultancy Primary Vision.

April 2, 2020

Earnings , Digital Oilfield , Pressure Pumping

Schlumberger Cuts Executive Salaries, Reduces Workforce Amid Oil Price Crash

Oilfield services provider Schlumberger on March 31 said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.

April 1, 2020

Business , Unconventional , Shale Plays , Completions , Pressure Pumping

Analyst: Shale Service Providers to Bear Brunt of Oil Market Crash

The U.S. shale market will carry the biggest burden of budget cuts in the oilfield service market, says a Rystad Energy analyst.

March 31, 2020

Earnings , Pressure Pumping

U.S. Silica to Idle Northern White Frac Sand Mine

U.S. Silica Holdings Inc. on March 24 revealed annualized SG&A cost reductions of approximately $20 million in response to the recent drop in oil prices and the expected decline in drilling and completion activity in North American shale over the coming quarters.

March 25, 2020

Company Profiles , Pressure Pumping

FTS International Furloughs Workers, Cuts Executive Pay

FTS International Inc. said March 23 that it is taking several actions in response to unprecedented conditions in the oil market.

March 24, 2020

Public Capital , People , Shale Plays , Pressure Pumping

ProPetro Names Phillip Gobe As CEO Following Co-founder’s Resignation

ProPetro disclosed Dale Redman, co-founder and former CEO, had violated its insider trading policies over shares pledged for personal loans, which led the company to submit false statements to the SEC.

March 16, 2020