Basic Energy Services Inc., which provides well site services across the U.S. onshore, said its rig count remained unchanged month/month in July, but well servicing rig hours declined both sequentially and from a year ago.
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U.S. Onshore Business Improves Slightly in June, Says Basic Energy CEO
Well site services in the U.S. onshore stabilized a bit during the second quarter from early this year, but pricing still remains cutthroat as operators compete for a smaller share of business, the chief of Basic Energy Services Inc. said Friday.
July 10, 2015
Basic Energy CEO Says Domestic Onshore Improved Slightly in June
Well site services in the U.S. onshore stabilized a bit during the second quarter from early this year, but pricing still remains cutthroat as operators compete for a smaller share of business, the chief of Basic Energy Services Inc. said Friday.
July 10, 2015
Record Rainfall, Less Drilling Gut Basic Energy’s 2Q Revenue Forecast
Basic Energy Services Inc., which provides well site services in more than 100 service points across Texas, the Midcontinent, Rockies and Appalachia, expects second quarter revenues to drop sequentially by as much as 24%, which it is blaming on stormy weather and continuing declines in the onshore drilling market.
June 12, 2015
Record Rainfall, Less Drilling Gut Basic Energy’s 2Q Revenue Forecast
Basic Energy Services Inc., which provides well site services in more than 100 service points across Texas, the Midcontinent, Rockies and Appalachia, expects…
June 12, 2015
Basic Energy Onshore Pricing Concessions Jumping, Workforce Falling
Basic Energy Services Inc. reduced its U.S. onshore stimulation services prices by 25-30% in February, 10% higher than concessions it already had made early this year, CEO Roe Patterson said Friday. The workforce is down by 14% since November and 1Q2015 revenue is forecast to be about 10% lower than previous guidance.
March 13, 2015
First-Mover Advantage Still Key in U.S. Onshore Services Sector
The U.S. onshore oilfield sector was the first to adopt technological advances, an advantage that remains important today for the supply/demand dynamics of domestic operators, Fitch Ratings analysts said Thursday.
March 21, 2014
GreenHunter Grows South Texas Water Services Business
GreenHunter Water LLC has acquired two oilfield water service and construction companies operating in the Eagle Ford Shale of South Texas. White Top Oilfield Construction LLC and Black Water Services LLC have common management and have been serving Eagle Ford operators since 2008.
January 7, 2013
National Fuel Proposes Pooling, Storage Flexibility in Appalachia
National Fuel Gas Supply Corp. in separate filings has asked FERC for permission to create new pooling points on its system and to enhance gas storage service by decoupling injection and withdrawal rights from storage capacity rights.
November 28, 2012
Halliburton to Idle Rigs, Crews Before Chasing Business
Halliburton Co. CEO Dave Lesar made clear Wednesday that the slowdown in the U.S. and Canadian drilling market is only “transitory,” and the company will sit it out before cutting prices to capture new business.
October 18, 2012
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