Oilfield Services

The U.S. oilfield services (OFS) and equipment sector added an estimated 7,450 jobs in December, according to the Houston-based Energy Workforce & Technology Council. “As oil demand has pushed higher, it’s heartening to see continued job growth in the sector,” said Council CEO, Leslie Buyer. “The sector has recovered more than half of the jobs…

Regiment LLC, whose oilfield services are focused in the Permian Basin and Eagle Ford Shale, said it has expanded its completions fleet with two recent acquisitions. The privately held operator disclosed few financial details. In late September, it said it acquired a fleet of pumps and high specification fracture stack equipment from a private pressure…

Calgary-based Inclusive Energy Ltd. has secured a market for its oilfield services (OFS) with an agreement to fund drilling in the northeastern corner of the Williston Basin, both in the United States and Canada. The agreement announced Wednesday by the oilfield services (OFS) company is to provide services in Manitoba and Saskatchewan, as well as…

Houston-based Select Energy Services Inc., on a tear this year to expand its Lower 48 oilfield services for exploration and production (E&P) companies, has agreed to pay $45 million for Nuverra Environmental Solutions Inc. Select is paying $45 million for Nuverra, which provides produced water services for E&Ps across the Lower 48, including in the…

U.S. oilfield services and equipment sector employment took a step back in November after eight consecutive months of gains, according to a new Energy Workforce & Technology Council analysis of federal data. Using Bureau of Labor Statistics (BLS) data, the Council, along with researchers from the University of Houston, found that the sector shed 818…

The increasing demand for oil and gas rigs is forecast to climb faster than Helmerich & Payne Inc. (H&P) can accommodate, “meaning we will have to reactivate more long-idled rigs to satisfy demand,” CEO John Lindsay said Thursday. Lindsay and his management team shared a microphone to discuss the fiscal 4Q2021 results and their forecast…

The U.S. energy technology and services sector added more than 17,000 positions from August through October, the Houston-based Energy Workforce & Technology Council reported last week. More than one-third of the new jobs in the three-month period — an estimated 6,051 positions — were added in October, marking the eighth straight monthly increase, the Council…

An uptick in North American oil and natural gas activity, brought about because of the tight global commodity markets, has “bolstered demand” for Liberty Oilfield Services Inc.’s completions services and set it up for a strong 2022, CEO Chris Wright said Wednesday. With heightened demand to drill, more customers today also are looking for “modern,…

Privately held ProFrac Holdings LLC has clinched an all-cash agreement worth around $407.5 million to absorb FTS International Inc., which could create one of the largest pressure pumping companies focused in the Lower 48. ProFrac, based in Willow Park, TX, was formed in May 2016 by CEO Ladd Wilks and his brother Matthew Wilks, who…