Houston-based operators Oasis Petroleum Inc., a Lower 48 explorer, and oilfield services (OFS) giant Superior Energy Services on Wednesday filed for voluntary bankruptcy protection to restructure and shrink their considerable debt loads. Oasis, whose exploration and production operations are focused on the Permian and Williston basins, sought voluntary Chapter 11 protection in U.S. Bankruptcy Court…
Articles from Superior
Houston’s Superior Energy Services Inc. is combining its U.S. land services lines into a platform in combination with Forbes Energy Services Ltd. as it turns its focus to the domestic offshore and international markets.
The New York Stock Exchange (NYSE) began delisting protocols for global completions company Superior Energy Services Inc. last week, a determination the Houston-based oilfield services (OFS) operator plans to appeal.
Superior Energy Services Inc.’s U.S. land revenue fell sharply in the second quarter after the Houston company elected to operate fewer Permian Basin pressure pumping fleets in West Texas.
Superior Energy Services Inc. saw no slowdown in U.S. land activity during the second quarter, with more hydraulic horsepower (hhp) activated and proppant sand volumes climbing by 25% sequentially.
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.
Consol Energy Corp. is returning to the Utica Shale. The Pittsburgh coal and gas producer recently announced plans to run six rigs starting this fall, five on its acreage in the Marcellus Shale and one full time in the Utica of eastern Ohio.
A centerpiece of California’s precedent-setting climate change law (AB 32) was dealt a blow by a San Francisco Superior Court March 17 ruling that could require a full-blown environmental impact report (EIR) before the proposed cap-and-trade program for greenhouse gas (GHG) emissions can be implemented. It was set to be effective next year.