Equipment

Halliburton Doubling U.S. Frack Capacity, Hiring 2,000, Warns on Rising Costs

Halliburton Co. is bringing back double the U.S. pressure pumping capacity it had expected to reactivate for the entire year and is hiring people as quickly as possible, as customer animal spirits “run hard,” CEO Dave Lesar said Friday.

March 24, 2017
Halliburton Ready to Play Hardball on Pricing, Says CEO

Halliburton Ready to Play Hardball on Pricing, Says CEO

Halliburton Co. returned to operating profitability in North America for the first time in 2016 in the final three months, and equipment is coming off the cold stack and moving back into the onshore, if the price is right, CEO Dave Lesar said Monday.

January 23, 2017
NOV Not Calling Bottom, Moving to Capture Shale Work as Offshore Collapses

NOV Not Calling Bottom, Moving to Capture Shale Work as Offshore Collapses

Houston-based National Oilwell Varco Inc., which provides drilling support services worldwide, sees no relief in sight for its bread-and-butter offshore business, but it is seeing potential opportunities in the U.S. onshore, management said Thursday.

July 28, 2016
Attrition, Efficiency Have Tightened Pressure-Pumping Capacity, Halliburton Says

Attrition, Efficiency Have Tightened Pressure-Pumping Capacity, Halliburton Says

When it comes to the peak U.S. rig count, 900 is the new 2,000, Halliburton Co. President Jeff Miller told investors during the company’s 2Q2016 earnings call Wednesday.

July 21, 2016
North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO

North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO

North America’s oil and gas industry is “coming off the bottom,” but the recovery is unlikely to be a straight line, Halliburton Co.’s financial chief said Tuesday.

June 22, 2016
Basic Energy Standing Ready For Onshore Uptick

Basic Energy Standing Ready For Onshore Uptick

Expectations that maintenance projects that were deferred in the U.S. onshore last year would resume early in 2016 haven’t panned out as expected, Basic Energy Services Inc. CEO Roe Patterson said Thursday. However, production-related activities “appeared to have stabilized” in March, and there’s optimism, however slight, that work is improving steadily.

April 21, 2016
Basic Energy Standing Ready For Onshore Uptick

Basic Energy Standing Ready For Onshore Uptick

Expectations that maintenance projects that were deferred in the U.S. onshore last year would resume early in 2016 haven’t panned out as expected, Basic Energy Services Inc. CEO Roe Patterson said Thursday. However, production-related activities “appeared to have stabilized” in March, and there’s optimism, however slight, that work is improving steadily.

April 21, 2016

PTEN Still Not Calling Bottom, Sees More Rigs Falling

A handful of onshore operators are reactivating rigs but others are planning to drop equipment, “collectively leading to a flat rig count” through the rest of the year, Patterson-UTI Energy Inc.’s management team said Thursday.

July 23, 2015

Consol Debuts Clean Diesel Fracking at Pittsburgh Airport

Consol Energy Inc. has begun completion operations on six wells at its flagship project at the Pittsburgh International Airport, where it has contracted with Halliburton Co. to use state-of-the-art emissions technology to power hydraulic fracturing (fracking) pumps.

April 2, 2015