Pressure Pumping

Denver-based Liberty Oilfield Services Inc. has completed its takeover of Schlumberger Ltd.’s OneStim, the massive U.S. and Canada onshore hydraulic fracturing business, in exchange for 37% equity. The transaction, completed on the final day of 2020, moved Liberty into the top tier of onshore completions experts. OneStim provides expanded opportunities in pressure pumping, pump down…

Operational delays at multiple well sites, combined with too much pressure pumping competition across the U.S. onshore led to a slow quarter for Patterson-UTI Energy Inc., but management expects the issues to be short-lived.

Pressure pumping horsepower and sand supply used in unconventional drilling are tight in some regions of the United States, especially in the Permian Basin, but significant additions are expected in the second half of the year.

Houston-based Superior Energy Services Inc. saw a 49% increase in U.S. pressure pumping revenue in the first quarter as operators accelerated their onshore activity, marking a “massive cyclical transition,” CEO David Dunlap said.

Baker Hughes Inc. late Tuesday said it was teaming up with a Goldman Sachs unit and a private equity firm to create a pure-play North American land pressure pumping company under the BJ Services Co. brand.

The idea of Baker Hughes Inc. shrinking its global footprint isn’t exactly the image that CEO Martin Craighead tried to convey on Tuesday in a business update, but one thing was clear: U.S. fracture jobs are no longer a priority.

The idea of Baker Hughes Inc. shrinking its global footprint isn’t exactly the image that CEO Martin Craighead tried to convey on Tuesday in a business update, but one thing was clear: U.S. fracture jobs are no longer a priority.