U.S. onshore well completions expert Keane Group Inc. joined Halliburton Co. this week in reducing third quarter forecasts on less demand than anticipated, with customer drilling efficiencies beginning to level off.
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Houston-based Keane Group Inc. has newbuild orders underway to add 150,000 hydraulic hp (hhp), nearly all destined for the Permian Basin, representing three more fracture fleets.
In a bid to expand its U.S. land services and build its pressure pumping capacity by one-quarter, Keane Group Inc. agreed to pay $284.5 million to acquire completion specialist RockPile Energy Services LLC.
Sixteen of the Keane Group Inc.’s 23 hydraulic fracturing fleets now are working across the U.S. onshore, representing 70% utilization, a positive sign for growth through this year, the Houston operator said Wednesday.
Houston-based well completion services company Keane Group plans to acquire the majority of Calgary-based Trican Well Service Ltd.’s U.S. assets in a $247 million deal announced Tuesday.
Calgary-based Trican Well Service Ltd. said late Tuesday it is negotiating to sell its U.S. pressure pumping business to Houston’s Keane Group for an undisclosed amount.