On July 19, the jury in a case against Frac Tech Services International in the district court in Upshur County, Texas, awarded Joshua Patterson about…
Author: News
Patterson-UTI Energy: Pressure Pumping Segment
This comes as the consultancy forecasts the number of horizontal wells fractured to rise 32% in 2018 and 13% in 2019. Total frac stages are…
SIEMENS solutions in the fracturing market space
Promotional video of SIEMENS solutions in the fracturing market space. Differentiating features and benefits for this application from SIEMENS. Ingenuity at work. #SIEMENSSEAM hashtag#ELECTRICDRIVENFRACK…
EcoStim announces plan to operate a “super fleet”
Eco-Stim Energy Solutions, Inc. (NASDAQ: ESES) (“EcoStim” or the “Company”) announced today that it has agreed to provide its primary customer in the STACK with…
Are Weir’s SPM® QEM 3000 Frac Pumps any good?
Weir’s SPM® QEM 3000 Frac Pump Looks and Performs Like New After 3,000+ Demanding Field Hours.
The QEM 3000 features the industry’s largest roller bearings to more efficiently distribute load stress. After 3,200 hours of extreme, continuous-duty operation, these look brand new.
Weir Oil & Gas. Read more
Noble Corp and General Electric Co, announced plans for a fully digitized drilling
following the partnership formed by GE (NYSE: GE) and Noble Corporation plc (NYSE: NE), the two companies launched the world’s first digital drilling vessel, targeted to achieve 20 percent operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling operations.
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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
Hedge funds reduce net-bullish bets on Brent crude oil
on the bright side, Russian Energy Minister Alexander Novak said his nation’s alliance with OPEC, whose historic joint output cuts have helped support oil above…
Halliburton Drill Bit Optimizes Cutter “Stega”
Halliburton Drill Bit Optimizer Cutter Layout for Increased Durability and Drilling Speed. Halliburton today announced the release of Stega™ efficient layout design, an advanced drill…
Schlumberger introduces new perforating gun system
Schlumberger introduced the Tempo* instrumented docking perforating gun system at the SPE/ICoTA Coiled Tubing and Well Intervention Conference and Exhibition. This groundbreaking combination of a…
The Permian is poised to continue growing.
The Permian basin produces 2.9 MMbopd, approximately 45% of light-tight oil production in the U.S. More than 800 E&P operators, 25 pressure pumpers, and…
Weatherford loss widens
Weatherford International Ltd. WFT, -13.58% on Friday reported a wider fourth-quarter loss after the company recorded impairment charges and wrote down assets, though it said…
In 2017 America oil drillers ended with 7,493 Drilled but uncompleted wells
America oil drillers ended 2017 with a total of 7,493 DUC wells according to the latest report by the United States Energy Information Administration (EIA). Permian Basin…
British Petroleum is experimenting with a blockchain-based oil trading platform
British Petroleum (NYSE:BP) is a multi-national oil and gas supermajor, and the sixth largest energy company on the planet. The company is over 100 years old and is not afraid of reinventing the wheel. And that’s exactly what they’re doing. Read more