Hydraulic Fracturing
News
April 29, 2021
Vitol Group is said to be near a purchase of Hunt Oil Co.’s Permian Basin oil wells in what would mark the biggest independent crude trader’s first major acquisition of U.S. production assets, according to people with knowledge of the matter.
Webcast
Frac different with the digital capabilities of TechnipFMC’s iComplete™ ecosystem
May 19, 2021
TechnipFMC
iComplete™ is a fully integrated ecosystem that minimizes complexities using standardized equipment that can be set up for any unconventional well in the world. iComplete™ has 50 percent fewer components, 80 percent fewer connections, reduces OpEx costs by 30 percent, and drives further efficiencies through a digital interface, eliminating human intervention in the red zone. In this webcast, Graham Horn and John Eden will be sharing with the audience how TechnipFMC’s iComplete™ ecosystem is bringing the industry one step closer to a fully autonomous frac pad. This disruptive technology is increasing operation governance through reduced infrastructure, fewer personnel in the red zone and instance-based decision making – removing the manual process required to evaluate status and communicate, as well as the potential for human error.
News
April 23, 2021
Californian Governor Gavin Newsom will ban new hydraulic fracturing permits in the coming years as the state pushes to eliminate net greenhouse-gas emissions by 2045.
News
April 22, 2021
Kayrros has released measurements quantifying the total methane emissions across the Appalachian Basin. The findings, derived from satellite data and proprietary algorithms, place the Appalachian Basin ahead of the Permian as the biggest source of methane in the US and identify the primary sources behind its emissions.
News
April 09, 2021
The Railroad Commission of Texas issued a total of 798 original drilling permits in March 2021 compared to 744 in March 2020. The March 2021 total includes 682 permits to drill new oil or gas wells, 13 to re-enter plugged well bores, and 99 for re-completions of existing well bores.
News
March 29, 2021
The field test, completed on behalf of a major operator, was comprised of more than 300 operating hours with an average of more than 18 pumping hours per day, including the completion of 172 stimulation stages at rates up to 22 barrels per minute.
Webcast
Frac Challenges - reaching ESG targets and higher profitability
March 11, 2021
MTU, CUDD
Today's modern fracturing fleets are expected to deliver the highest level of performance, productivity, efficiency and reliability. E&P's require a diversified fleet which can handle multiple pumping scenarios without having to change equipment or book separate specialized fleets, while also achieving emissions reduction targets driven by ESG goals/initiatives. CUDD Energy Services chose mtu’s 16V 4000 T95 3000HP Tier 4 engine for this reason. Legendary performance, efficiency and reliability – mtu’s experience in the industrial diesel engine market aims to deliver solutions that address service companies expanding needs and challenges in today's market. Join mtu and CUDD to discuss their Tier 4 fleet expansion and learn more about how a single fleet can cover any pumping scenario.
News
January 14, 2021
The world’s biggest fracking services provider, Halliburton has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy Co. To date, it’s completed almost 340 stages across multiple wells.
News
January 08, 2021
“Opening the shale revolution to the world through the export ban lifting helped shift the global oil market psychology from supply scarcity to abundance,” said Karim Fawaz, director of research and analysis for energy at IHS Markit. “It unshackled the U.S. industry to keep growing past its domestic refining limitations.”
News
December 21, 2020
Diamondback said it agreed to purchase closely held Guidon Operating LLC. That cash-and-stock deal values Guidon, which was co-founded in 2016 by funds managed with Blackstone Group, at about $862 million.
News
December 21, 2020
Diamondback Energy and QEP Resources have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020.
News
December 16, 2020
It looks like the mainstream media have finally realized that government intervention in energy markets impacts the cost of energy for consumers, writes Commissioner Wayne Christian, Railroad Commission of Texas.
News
December 15, 2020
Home to the Bakken shale formation, North Dakota won’t see any sustained growth in production sooner than the second half of 2022, Lynn Helms, director of the state’s Department of Mineral Resources, said.
News
December 14, 2020
Steady output from their mines means that oil sands producers are able to keep revenue coming for decades without too much investment, while the short life span of shale wells forces U.S. explorers to constantly burn cash just to keep up production.
News
December 10, 2020
Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil production is expected to drop by 10% year-on-year (YOY) in 2021, says GlobalData, a leading data and analytics company.
Webcast
ShaleTech™ Hydraulic Fracturing Forum: Summer 2020
September 17, 2020
Welltec, Stepan Oil Solutions, Newpark Fluid Systems
During this 60 minute live webcast, Moderator, Joe D. Woods, President, International Pinpoint, will lead discussion on these topics: 1) “Economic Impact of Comprehensive Zonal Isolation Design during Hydraulic Fracturing of Cementless Completions”, with presenter, Yosafat Esquitin, Business Development Manager – Well Completions, Welltec. 2) “How Registered Biocides Protect Your Assets, Your People and Your Reservoir”, with presenter, Lynn Yakoweshen, Global Business Manager, Stepan Oilfield Solutions. 3) “How High Viscosity Friction Reducers Can Effectively Drive Down Hydraulic Fracturing Costs”, with presenter, Andrew Babey, Business Development Manager – Stimulation, Newpark Fluid Systems.
News
December 23, 2019
The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.
News
December 20, 2019
The study comes as presidential candidates and activist groups have called for a ban on hydraulic fracturing. Several major candidates have promised to pursue such a ban if elected, and the results would deliver a staggering blow to the economy.
News
December 03, 2019
Last month, the UK fracing industry suffered a fatal blow as the Conservative government ended its support for the practice over concern that it causes earthquakes. The move, ahead of a general election set for Dec. 12, effectively bans fracing.
News
December 03, 2019
Permian basin frac crews, who are brought in to complete the final stage for creating a new oil well, have dropped 21% so far this year. For all of 2018, frac crews in the West Texas and New Mexico oil fields expanded by 1.3%.
News
November 11, 2019
Carbo Ceramics Inc. plunged 47% after warning investors it may fail as a going concern in part because its largest frac-sand customer halted purchases.
