Frac Shack’s acquisition of the Sandtinel sand separation system allows the company to expand and diversify its services to new and existing customers in the flowback and production industry.
BlackGold Capital said 72% of the net royalty acres in the acquired portfolio are leased by operators in the top quartile of active horizontal rig counts in the Midland Basin.
Schlumberger outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.
To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.
Schlumberger, Halliburton and Baker Hughes reportedly kicked off the new year by putting units up for sale, as the three largest names in oilfield services adjust to falling demand.
BW Offshore, a service provider to many petroleum producers, has in recent years built up its own E&P operations through BW Energy, which it plans to spin off first-quarter 2020.
PDC now adds SRC Energy’s core area of operations in the Greater Wattenberg Field of the D-J Basin to its portfolio, which includes positions in the D-J and Permian basins.
Stress Engineering Services Inc. (SES), the global leader in consulting engineering services and solutions, said Jan. 13 it has acquired Laserstream LP, a technical service company specializing in laser mapping of tubular assets.
Värde Partners is proposing to acquire the roughly 75% of outstanding shares of Lilis Energy common stock it doesn’t already own in a cash merger transaction.