More sales in the Permian Basin and an increasingly positive outlook for international markets have given Weatherford International plc a “light wind at our back,” CEO Mark McCollum said last Friday.
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Articles from ofs
NGI The Weekly Gas Market Report
Mexico Awards Oil, NatGas PSA Marketing Contracts to Trafigura, CFEnergia
Mexico’s upstream regulator has awarded oil and natural gasmarketing services contracts to Trafigura Group Pte Ltd. and CFEnergia.
December 28, 2017
Weatherford Gains in North American Land as Overhaul Continues
Tasked with turning around Weatherford International plc, CEO Mark McCollum said Wednesday challenging days still are ahead as management restructures and casts off dead weight.
November 2, 2017
Halliburton Not Worried About Rig Count Plateau, Says CEO
Halliburton Co. CEO Jeff Miller said the company isn’t concerned about a onshore rig count plateau, viewing it as a sign that customers are trying to ferret out the best opportunities for production. Meanwhile, the largest oilfield services company in North America is navigating through $50/bbl oil, even as global oil production could decline by as much as 1 million b/d by 2021.
September 11, 2017
Weatherford’s McCollum Rewriting Script to Change Perceptions, Company’s Fortunes
Weatherford International plc’s missteps and wrong turns, financially and management-wise, turned investors away over the last few years, but the company has a renewed purpose as it locks on to opportunities ahead, the newly installed CEO said.
August 11, 2017
More Fractures = More Water as Select, Rockwater Merge to Boost U.S. Market Share
Texas-based operators Select Energy Services Inc. and Rockwater Energy Solutions Inc. have joined the parade of oilfield services (OFS) operators merging to build market share, agreeing to a stock-for-stock merger to create one of the biggest water solutions providers in the U.S. onshore oil and gas industry.
July 19, 2017
OFS In-Depth Part 2: Pressure Pumping, Sand Demand Growth Tempered by Uncertain NatGas Price Forecast
Part two of a two-part NGI report. (Part One)
May 25, 2017
Ranger Energy Expanding U.S. Onshore Workover Business with OFS Tie-Ups
Houston-based Ranger Energy Services LLC agreed Wednesday to acquire privately held Bayou Workover Services LLC, a combination that would expand the customer base and its offerings in the U.S. onshore workover services market.
October 12, 2016
U.S. Land Rig Count May Breach 400 by Mid-Year, Says TPH
Anyone looking for a silver lining for the U.S. natural gas and oil business should not think it will come from the oilfield services (OFS) sector, as management teams are less optimistic than they were even a few months ago.
March 16, 2016
E&P, OFS Recovery Not Expected For A While, Say Energy Experts
The upstream oil and gas industry, which has managed to stay afloat this year through mergers, debt and derivatives, is poised to hit even choppier seas in 2016 as acquisition activity slows and leveraged companies face increased probabilities for defaulting, according to a cadre of energy experts.
November 25, 2015
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