Completion

Permian Well Completions Seen Declining, with Fewer Crews and Less Sand Demand

Permian Well Completions Seen Declining, with Fewer Crews and Less Sand Demand

The Permian Basin bottleneck, which has led to sharp pricing discounts, is sharply impacting the number of fracture crews and well completions, according to a real-time analysis of more than 15,000 wells across the region, said Westwood Global Energy Group.

October 22, 2018
Schlumberger Scuttles OneStim Plan, Buys Out Weatherford’s U.S. Fracture Business Instead

Schlumberger Scuttles OneStim Plan, Buys Out Weatherford’s U.S. Fracture Business Instead

Weatherford International plc has sold its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Ltd. for $430 million, scrapping a plan initiated in early 2017 to partner in the domestic arena.

January 2, 2018
Midstream Operators Seen to Benefit with Added Frack Crews Increasing Completions

Midstream Operators Seen to Benefit with Added Frack Crews Increasing Completions

U.S. midstreamers working in onshore basins should get a “substantial uplift” in 2018 as oil and natural gas producers complete more wells and tie in to expanding infrastructure.

December 19, 2017

Rex Energy Ramping Production to Hit Year-End Exit Rate

Operating efficiencies that allowed earlier than expected turn-in-lines during the third quarter helped Rex Energy Corp. beat guidance for the period and have the company on track to meet its year-end exit rate production growth target of 15-20%.

November 16, 2017

Forum Energy Takes Over Global Tubing as North American Business Escalates

Houston-based Forum Energy Technologies Inc. has agreed to pay $237 million in a cash-and-stock trade to become sole owner of Global Tubing, a coiled tubing supplier for oil and gas producers.

August 29, 2017
Sanchez Hits Record Production Level, Raising Eagle Ford Rig Count

Sanchez Hits Record Production Level, Raising Eagle Ford Rig Count

Benefitting from a recent acquisition and production growth from legacy assets, Sanchez Energy Corp. is currently producing at a record level of about 76,000 boe/d, the company said Wednesday.

April 26, 2017
Halcon to Resume Upper Eagle Ford Drilling on Better Oil Prices

Halcon to Resume Upper Eagle Ford Drilling on Better Oil Prices

Halcon Resources Corp. said late Tuesday it would revive its drilling program in its El Halcon area of the Upper Eagle Ford Shale in East Texas early next year, citing firming oil prices and encouraging results from offset wells in the region as part of its decision.

December 21, 2016
Rigs Make Like Davy Crockett And Go to Texas

Rigs Make Like Davy Crockett And Go to Texas

The rig stampede back to the patch has resumed, according to the latest data from Baker Hughes Inc. (BHI). As is often the case in oil/natural gas, Texas led the way.

August 12, 2016
E&Ps Pushing Proppant Intensity Ever Higher, Say Frack Sand Operators

E&Ps Pushing Proppant Intensity Ever Higher, Say Frack Sand Operators

Commodity prices may not encourage too many rigs to rise in North America in the near-term, but as oil and gas producers experiment with longer laterals and increased fractures, there’s a bit more optimism among sand operators.

August 10, 2016
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