ofs

Oilfield services (OFS) employment in the United States slowed a bit in December versus November, dropping by 941 jobs, according to an analysis of government data by the Energy Workforce & Technology Council. The trade association represents more than 650,000 U.S. jobs in the energy value chain. During the month, job availability across the sector…

Oil and natural gas activity across the most prolific area of the Lower 48 in Louisiana, New Mexico and Texas moderated in the final three months of the year, as natural gas production edged up slightly and oil output slowed down. The fourth quarter Dallas Fed Energy Survey, conducted by the Federal Reserve Bank’s Eleventh…

The executive team for completions expert ProPetro Holding Corp., whose business is centered in the Permian Basin, remains bullish on natural gas and oil activity rising over the next several years on improved commodity prices and the continued “industrialization” of the energy sector. The Midland, TX-based oilfield services (OFS) firm provides hydraulic fracturing (fracking) services,…

Denver-based Liberty Energy Inc., the leading completions expert in the Lower 48, is expecting the usual “seasonal softness” during the fourth quarter, punctuated by winter weather and the holidays, but stronger natural gas and oil prices should lift activity into 2024, CEO Chris Wright said Thursday. Speaking with energy analysts about the third quarter performance,…

Lower natural gas prices have reduced drilling activity in the Lower 48, but expect that to change by next year as LNG export projects advance and more supply heads south of the border, Liberty Energy Inc. CEO Chris Wright said Thursday. Denver-based Liberty, one of the top hydraulic fracturing (fracking) operators in North America,  second…

The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. During the conference call to discuss second quarter 2023 results, Simonelli said recent customer discussions to advance more liquefied…

Strong demand for industrial chemistry, from drilling fluids to additives that smooth pipeline flows for natural gas and oilfields, lit up first quarter earnings for CES Energy Solutions Corp. Improved results versus the same period last year resulted from “high levels of revenue underpinned by industry stabilization, and continued strong market share,” the oilfield services…

Employment in the Texas upstream oil and gas industry continued to rise in April but at a slower clip than the previous month, according to the latest tally from the Texas Independent Producers and Royalty Owners Association (TIPRO). Direct employment in the exploration and production (E&P) sector totaled 199,400 for the month, up 700 jobs…

Employment in the U.S. oilfield services and equipment sector (OFS) increased by 2,907 jobs in March and reached its highest level in three years, according to an analysis of federal data by the Energy Workforce & Technology Council. Total OFS jobs climbed to 656,368 last month, a high mark since the onset of the coronavirus…