Schlumberger

Haynesville’s Soaring Natural Gas Output Said Sustainable as LNG Exports Grow

Haynesville’s Soaring Natural Gas Output Said Sustainable as LNG Exports Grow

Natural gas production in a former darling of the onshore unconventionals, the Haynesville Shale, is getting serious looks from new suitors, including operators looking for export stores, with production on course to hit record heights, according to Rystad Energy.

January 11, 2019

North America Onshore Fracture Pricing, Activity Worse Than Forecast, Schlumberger Executive Says

Schlumberger Ltd. is signaling a sharper-than-expected sequential decline in profits for the fourth quarter because of a “significantly larger drop in activity” than expected, a top executive said Tuesday.

December 5, 2018
E&P Customers Lining Up as Oil Market Tightens, Says Schlumberger CEO

E&P Customers Lining Up as Oil Market Tightens, Says Schlumberger CEO

North America onshore operations are set to surge this year for Schlumberger Ltd., as it readies more horsepower and expands capacity for sold-out rotary steerables and drillbit technologies, CEO Paal Kibsgaard said Friday.

January 19, 2018
Schlumberger Scuttles OneStim Plan, Buys Out Weatherford’s U.S. Fracture Business Instead

Schlumberger Scuttles OneStim Plan, Buys Out Weatherford’s U.S. Fracture Business Instead

Weatherford International plc has sold its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Ltd. for $430 million, scrapping a plan initiated in early 2017 to partner in the domestic arena.

January 2, 2018
Schlumberger, Torxen Grab Cenovus Properties in Alberta for $1.3B

Schlumberger, Torxen Grab Cenovus Properties in Alberta for $1.3B

Calgary-based Cenovus Energy Inc. is selling its natural gas-weighted Palliser properties in southeastern Alberta for $1.3 billion to a joint venture between privately held Canadian producer Torxen Energy and Schlumberger Ltd.

October 19, 2017
Schlumberger’s North American Land Activity Accelerates, Sending Revenue Sharply Higher

Schlumberger’s North American Land Activity Accelerates, Sending Revenue Sharply Higher

A surge in hydraulic fracturing capacity between April and June sent Schlumberger Ltd.’s North American revenues up 18%, with U.S. land revenue jumping 42% from the first quarter, a rate that was nearly double the increase in the onshore rig count.

July 21, 2017
Schlumberger’s North American Activity Climbing as Equipment Redeploys, Pricing Accelerates

Schlumberger’s North American Activity Climbing as Equipment Redeploys, Pricing Accelerates

Schlumberger Ltd. has begun to rapidly pull idled hydraulic fracturing equipment off the stacks and is rehiring people in North America to build on a long-awaited recovery for the oil and gas business.

April 21, 2017
Schlumberger, Weatherford Taking Fight to Halliburton for North American Fracking Share

Schlumberger, Weatherford Taking Fight to Halliburton for North American Fracking Share

Schlumberger Ltd. and Weatherford International plc are signaling a knife fight for North American pressure pumping market share after forming a partnership aimed at No. 1 operator Halliburton Co.

March 27, 2017

Schlumberger Puts North American E&Ps on Notice: Expect More Aggressive Pricing

Healthier commodity prices are sending oil and natural gas producers back to work, which sets the stage for Schlumberger Ltd. (SLB) to begin a push for higher prices for its services, CEO Paal Kibsgaard said Friday.

January 20, 2017

Trend to ‘Super Laterals’ Buoys Schlumberger Outlook For U.S. Land

Schlumberger Ltd. posted a 31% sequential increase in its U.S. onshore drilling and measurements revenue during the third quarter, driven by a rising rig count and technology sales for super laterals, but the outlook for 2017 still remains hazy, CEO Paal Kibsgaard said Friday.

October 21, 2016