Sunday, June 22, 2025
NexTier stock jumps as frac demand swells revenue- oil and gas 360

NexTier stock jumps as frac demand swells revenue

World Oil HOUSTON (Bloomberg) –NexTier Oilfield Solutions Inc. soared more than 20% after the frac provider disclosed higher-than-expected quarterly sales, signaling an acceleration in U.S. shale drilling. The Houston-based provider of pumps that blast water, sand and chemicals underground to crack open oil-soaked rocks said fourth-quarter revenue more than doubled to at least $500 million, almost 3% above the average