Pressure Pumping

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

Pressure Pumping

Basic Energy Launches Automated Water Management Solution with Permian Operator

Basic Energy Services Inc. has successfully tested an automated water management solution with a major U.S. operator, the company said on May 8.

May 8, 2020

Pressure Pumping , Umbilical

Bosch Rexroth Wins Spotlight On New Technology Award from OTC

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.

May 7, 2020

Digital Oilfield , Pressure Pumping

ResFrac Closes Equity Financing with Altira Group, Launches New User Interface

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.

May 6, 2020

Restructurings , Shale Plays , Drilling , Pressure Pumping , Seismic , Trends , Mergers

What the Oil Price Plunge Means for Oilfield Services M&A

Offshore drillers and North American shale producers most challenged in terms of debt, says analyst.

May 1, 2020

Public Capital , Earnings , Drilling , Completions , Pressure Pumping

Patterson-UTI Sees 60% Decline in Activity as Oil Prices Crater

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.

April 24, 2020

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