Keane Group

Headquartered in Houston, Texas, Keane is one of the largest pure-play providers of integrated well completion services in the US, with a focus on complex, technically demanding completion solutions. Keane’s…

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.