Gardner Denver Petroleum & Industrial Pumps, the leading total solutions provider for the drilling, well servicing and frac pumps market, said on Jan. 14 it has entered into a six-month field trial of its new Thunder 5000 HP Quintuplex pump, at STEP Energy Services’ in Alberta, Canada.
NexTier Oilfield Solutions on Jan. 7 raised its fourth quarter earnings and revenue guidance, according to a presentation at a Miami energy conference.
Today’s featured Forty Under 40 honoree is Kristin Smith, Vista Proppants and Logistics CFO who has been responsible for the financial oversight of multimillion-dollars worth of capital growth and capital expansion projects.
Colombia’s top administrative court ordered the suspension of operations at 15 fracking wells operated by coal miner Drummond on Dec. 13, because they are at a production stage prohibited by an earlier ruling.
Basic Energy Services revealed a plan on Dec. 12 to divest of its pumping services assets in multiple transactions with expected proceeds of approximately $30 million to $45 million.
An affiliate of Select Sands recently entered into a three-year supply agreement with a large-cap exploration and production company in the Eagle Ford Basin.
Motive has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum, reflecting the ambitious growth strategy which follows significant investment earlier this year from private equity firm, EV Private Equity.