Only 10 of the 32 Fracking Companies secured positive cash flows for the quarter

Even though oil prices rose and oil and gas production boomed during the third quarter of
2018, the U.S. fracking sector continued its nine-year streak of cash losses.
A cross-section sample of 32 publicly traded fracking-focused companies spent nearly $1
billion more on drilling and related capital outlays during the quarter than they generated
oil and gas sales.

Liberty Oilfield Services – Second Quarter Of 2018 Results.

Liberty’s operations in the Permian continued to grow and thrive. Local sand volumes in the pipeline for several quarters now began to materialize in meaningful quantities during the second quarter and we see that trend continuing in the third quarter, driving down well costs for our customers. With significant new industry pumping capacity added to the Permian Basin during 2017 and 2018. While takeaway limitations have created temporary production challenges, we are pleased that the developing imbalances for frac services in the Permian have not yet impacted Liberty fleets. Read more

Calfrac revenue doubles as oil price rebound

On Tuesday, Calgary-based Calfrac Well Services Ltd. reported it more than doubled its first-quarter revenue compared with the same period last year and is reactivating equipment it parked over the past three years.

Meanwhile, both Calfrac and its crosstown rival, Trican Well Service Ltd., have been rehiring. Read more

Liberty Oilfield Services

Headquartered in Denver, Colorado, Liberty Oilfield Services is a premier hydraulic fracturing services company in Colorado & North Dakota and Texas. Highly experienced individuals, combined with the Liberty Quiet Fleet proprietary technology and robust inventory of state-of-the-art equipment, optimize production results at reduced costs for the valued clients.  From the Permian Basin to the DJ Basin, Williston Basin and Powder River Basin, Liberty Oilfield Services provide customer-focused service in a flexible, safe and consistent manner.

Year-after-year, Liberty Oilfield Services consistently delivers one of the lowest turnover rates in the industry. Read more