An estimated 31 hydraulic fracturing fleets, or 11% of those currently operating, were turned off in the last week, according to data from consultancy Primary Vision.
Oilfield services provider Schlumberger on March 31 said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
U.S. Silica Holdings Inc. on March 24 revealed annualized SG&A cost reductions of approximately $20 million in response to the recent drop in oil prices and the expected decline in drilling and completion activity in North American shale over the coming quarters.
FTS International Inc. said March 23 that it is taking several actions in response to unprecedented conditions in the oil market.
ProPetro disclosed Dale Redman, co-founder and former CEO, had violated its insider trading policies over shares pledged for personal loans, which led the company to submit false statements to the SEC.
BJ Services has entered into a multiyear contract with Aethon Energy on March 11 for the deployment of the company’s first TITAN next-generation fracturing fleet in the Haynesville shale.
The NexStage silo system is a versatile proppant storage solution with high volume options to meet the demands of the largest hydraulic fracturing jobs.
BJ Services said Feb. 4 it has reached a key milestone with the advancement of field trials for its next-generation fracturing pump platform, the TITAN—the backbone of the company’s next-generation fleet.