HOUSTON – U.S. drillers pulled 28 oil-directed rigs from the field this week, according to the latest data from Baker Hughes.
Shale Support, LLC, a provider of frac-sand and logistical solutions to the oil and gas proppant market, has appointed Shane Summers as vice president of logistics.
LMKR has announced a long-term strategic partnership with FracGeo LLC aimed at integrating FracGeo's software solutions and products with LMKR's GVERSE and GeoGraphix Product suites.
Explorers in U.S. oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.
Shale patches in the U.S. are pumping out more oil and gas than the government previously thought.
U.S. Silica Holdings has announced the introduction of InnoProp PLT, a newly formulated resin-coated proppant designed specifically for enhancing the recovery of oil and gas in low-temperature reservoirs.
Chesapeake Energy Corp. said it has no plans to seek bankruptcy protection, dismissing a report that wiped out half the U.S. natural gas driller’s value.
The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracing will only slow more as 2016 drags on.
CARBO Ceramics has announced the successful use of KRYPTOSPHERE LD, its ultra-conductive, low-density ceramic proppant technology, in the Utica for CONSOL Energy. This is the first well to utilize KRYPTOSPHERE LD.
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35/bbl.
Weir Oil & Gas has partnered with Calgary, Alberta-based Canyon Services Group to take its SPM QEM 3000 frac pump to the field. Weir’s SPM QEM 3000 is the industry’s first high-horsepower frac pump designed for continuous-duty pressure pumping operations at a sustained 275,000-lb rod load, 24 hours per day, seven days per week.
U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more with major U.S. shale oil companies slashing spending plans after crude prices hit 12-year lows.
Gazprom Neft has started investigating reserves in the Bazhenov formation at Vyngayakhinskoye field in Russia's Yamalo-Nenets Autonomous Okrug.
Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30/bbl oil prices, with one of them saying prices would need to rise more than 20% just to turn a profit.
U.S. natural gas drillers are emerging as an unlikely bright spot in this week’s collapse of energy stocks.
GIDDINGS, Texas -- A ribbon-cutting ceremony was recently held to mark the grand opening of the new C&J Energy Services Casedhole Solutions facility in Giddings, Texas. The ceremony was attended by business leaders, state and local officials, C&J executives and community members.
MicroSeismic has achieved the longest-installed active, permanent, near-surface array in the world. This BuriedArray was installed to monitor completions in the Haynesville formation in Louisiana and includes 99 stations covering 15 square miles.
Halliburton has officially opened its Elmendorf South Texas Sand Plant with a ribbon-cutting ceremony in early December. It is the largest Halliburton sand facility in the world and represents a $35.7-million investment.
Aubrey McClendon, CEO of American Energy Partners, LP (AELP), and Miguel Galuccio, president and CEO of YPF, have signed initial agreements for the exploration and development of the Vaca Muerta formation in Argentina’s Neuquén basin.
Trican Well Service is in negotiations with Keane Group, a privately held, U.S.-based well completion services company, for the sale of Trican's U.S. pressure pumping business.