Dual fuel operations deliver millions in saved diesel fuel costs.
Pressure pumper Liberty Oilfield Services Inc. will wait to deploy its newest hydraulic fracturing fleet until market conditions improve, CEO Chris Wright said at a conference in Denver on Aug. 12.
Pumping service helps reduce variability for the stimulation treatment.
System makes it more economical to produce remote and offshore fields and lowers breakeven costs.
Shares of the FTSE 250 company fell 3.2% as of 3:00 a.m. CT after the company also reported a 7% drop in like-for-like orders.
The merger of Keane Group with C&J Energy Services is expected to create the third largest pressure pumper in the U.S., behind only Halliburton and Schlumberger.
With the appointment of Alan Oehlert as COO, Robert Rasmus will cease serving as the principal operating officer of Hi-Crush, but will continue in his role as chairman and CEO
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.