Austin, TX-based Atlas Energy Solutions Inc. has clinched an agreement valued at $450 million to acquire Hi-Crush Inc., merging two proppant sand operators to create the largest operator in the Permian Basin. In the agreement, scheduled for completion by the end of March, Atlas would pay $150 million cash, trade $175 million in common shares…
Hydraulic Fracturing
Articles from Hydraulic Fracturing
North Dakota Poised for Production Bump with More Natural Gas Takeaway Needed, Officials Say
Well completion activity is on the rise in North Dakota, likely heralding a surge in oil and gas production and underscoring the need for more natural gas egress capacity, state regulators said Friday (July 14). Department of Mineral Resources (DMR) Director Lynn Helms and North Dakota Pipeline Authority Director Justin Kringstad held a press conference…
July 19, 2023
U.S. Natural Gas Activity Steady and Completions Market Tight, Says Liberty CEO
A softening outlook for natural gas activity and an elevated recession risk may lead to some hiccups this year, but the overall forecast for North American hydrocarbons is the healthiest in years, according to Liberty Energy Inc. CEO Chris Wright. The Denver-based hydraulic fracturing (fracking) and completions expert recently issued its fourth quarter and year-end…
February 3, 2023
An Easier Way to Boost U.S. Natural Gas, Oil Security? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which discusses refracturing existing natural gas and oil wells as a means of advancing U.S. energy security and easing price volatility. In the podcast, NGI Associate Editor Matthew Veazey talks with Houston-based CEO Matt Johnson of Primary Vision about how the U.S.…
October 3, 2022
Expanding the U.S. Natural Gas, Oil Security Conversation – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which discusses refracturing existing natural gas and oil wells as a means of advancing U.S. energy security and easing price volatility. In the podcast, NGI Associate Editor Matthew Veazey talks with Houston-based CEO Matt Johnson of Primary Vision about how the U.S.…
September 29, 2022
Political Will, Supply Chain Said Essential for UK Shale Gas Industry with Staying Power
Despite recent action by the UK government to encourage unconventional natural gas extraction in England, a lasting domestic shale industry would need a dedicated supply chain and reliable support through changing political winds, according to prominent energy prognosticators. “I would just be shocked if anything could happen,” RBN Energy LLC CEO Rusty Braziel said last…
September 28, 2022
As Some Nations Move to Permit Fracking, Colombia Takes Steps to Ban Unconventional Technique
Colombia’s state oil and gas firm Ecopetrol SA has decided to pause its hydraulic fracturing (fracking) pilots for 90 days. Ecopetrol was involved in two horizontal drilling pilot programs, Kalé and Platero, in conjunction with ExxonMobil. Colombia has 55 Tcf of technically recoverable shale gas resources, which would place it fifth in South America, according…
September 19, 2022
Calgary’s Calfrac, CWC Bullish on Upstream Oil, Gas Activity
On the news of a strong second quarter, the management teams of Calgary’s Calfrac Well Services Ltd. and CWC Energy Services Corp. separately voiced optimism for the oilfield services (OFS) sector’s ongoing recovery from the Covid-19 field activity slump. Calfrac’s management predicted “strong utilization” of its Canadian and U.S. crews and equipment. CWC’s management told…
August 10, 2022
ProFrac Pumps Up Horsepower, E-Fleets with Takeover of U.S. Well Services
ProFrac Holdings Inc., on an acquisition tear since early this year, has snapped up more equipment to create the second largest U.S. fracturing company by total horsepower and the largest electric fleet operator. The stock-for-stock trade with electric hydraulic fracture (frack) company U.S. Well Services Inc. (USWS) is set to be completed by year’s end.…
June 27, 2022
Halliburton Eyeing ‘Strong Year’ as North America E&Ps Seen Boosting Capex by 25%
North American exploration and production (E&P) companies are set to increase their capital spending by 25% or more from 2021 as they ramp up activity to keep pace with rising global oil and gas demand, Halliburton Co. CEO Jeff Miller said Monday. The management team shared a microphone to discuss the macro environment, and discuss…
January 24, 2022
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