The further development of unconventional shale oil and gas production has growing demands for operation pressure and rate. The increasing depth of wells creates higher pressure and rate requirements
Investor pressure is increasing for oilfield service companies to provide returns over growth. Opportunities may improve as the second half of 2019 unfolds.
Weir Oil & Gas announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920 on April 9.
The acquisitions included the purchase of Red Bone Services and Tecton Energy Services, two oilfield service companies KLX Energy Services CEO says provide significant cross-selling opportunities.
Domestic wells could produce as much as 1.4 Tcf a year, group says.
U.S. Well Services Inc. has executed a long-term electric frac fleet contract of up to four years with all options exercised with SWEPI LP, a subsidiary of Shell, on March 11.
Colombia’s state-run oil company Ecopetrol SA is looking to spend $500 million in exploring unconventional deposits over the next three years, its CEO said on March 5, starting with pilot programs in the Magdalena Medio region.
U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.
Colombia must implement strict monitoring of three pilot projects that will mark its first foray into “fracking”, an expert commission said on Feb. 14, before deciding whether the controversial technique for extracting oil and gas can be widely used.
Tests of the first shale well at Cuadrilla’s site in northwest England show a rich reservoir of high quality and recoverable gas, the British firm said on Feb. 6, adding that rules that have constrained its testing work should be eased.