Pressure Pumping

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

Business , Exploration & Production , Drilling , Pressure Pumping , Trends

Analysts Highlight Strategy for OFS Sector Survival

Data-driven decision-making and streamlining are among the recommended practices for the services sector.

June 8, 2020

Unconventional , Shale Plays , Digital Oilfield , Completions , Enhanced Oil Recovery , Pressure Pumping

ConocoPhillips Narrows Digital Strategy on Low-cost Supply Resources

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.

June 8, 2020

Unconventional , Shale Plays , Completions , Pressure Pumping

ProPetro Estimates Frac Fleets in Permian Basin Slumps to 20

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.

June 2, 2020

Exploration & Production , Drilling , Pressure Pumping

Patterson-UTI Looks to Future by Growing Technology Focus

Patterson-UTI is counting on its balance sheet to get it through tough times and its technology to push toward potential market share gains.

May 27, 2020