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360 Articles

Precision Drilling Reports Increase in Business

Precision Drilling Reports Increase in Business

Contract drilling rig and services provider Precision Drilling Corporation (ticker: PDS) reported its active rigs have increased by 16% compared to end of Q3 2017, the company said in an update. Precision currently has 64 rigs active in the U.S., compared with 55 at the time of its third quarter conference call. In Canada, the company reached near peak activity[Read More…]

January 15, 2018 - 4:30 pm 360 Articles, Closing Bell Story, Energy News, Oilfield Services
Liberty Oilfield Services Goes Public with a Bang: Up 28% First Day on NYSE

Liberty Oilfield Services Goes Public with a Bang: Up 28% First Day on NYSE

Liberty Oilfield Services Inc. (ticker: LBRT) announced the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share early on Jan. 12. The shares opened trading on the NYSE today at $21.20.  By midday shares of Liberty were trading at almost a 28% premium. In addition, Liberty and the selling[Read More…]

January 12, 2018 - 5:19 pm 360 Articles, Closing Bell Story, Oilfield Services
Liberty Oilfield Services Relaunches IPO Process

Liberty Oilfield Services Relaunches IPO Process

Offering 10.7 million shares for $14 to $16 per share Denver-based Liberty Oilfield Services announced the launch of its initial public offering today, marking the resumption of prior efforts to go public. Liberty will offer a total of 10,714,286 shares of its Class A common stock, with an anticipated offering price between $14 and $16 per share. The company will[Read More…]

Lynn Helms, Director of North Dakota DMR 
Photo Credit: Prairie Biz

N.D. Supreme Court Upholds State’s Million-Dollar Oilfield Saltwater Dumping Penalty

The North Dakota Supreme Court today ruled in favor of the North Dakota Industrial Commission, Oil and Gas Division (OGD) regarding a case seeking a civil penalty plus costs and expenses from Black Hills Trucking (BHT) for illegally dumping saltwater in 2014. The Commission sought $950,000 in penalties from BHT for illegally releasing saltwater from a truck on three different[Read More…]

December 7, 2017 - 5:54 pm 360 Articles, Closing Bell Story, E&P, Oilfield Services, Regulatory
GE CEO Flannery Talks Baker Hughes – GE Future

GE CEO Flannery Talks Baker Hughes – GE Future

The history of GE dates back to Thomas A. Edison. In 1876 Edison opened his Menlo Park, NJ, laboratory, from which came perhaps the greatest invention of the age – a successful incandescent electric lamp. In 1890, Edison established the Edison General Electric Company by bringing his various businesses together. Two years later Edison’s company combined with a competitor. They called[Read More…]

E&P Bankruptcies Slow, Service Companies Feel the Squeeze

E&P Bankruptcies Slow, Service Companies Feel the Squeeze

68 2017 bankruptcies, $33.4 billion in debt Energy attorneys Haynes and Boone have released the firm’s updated list of oil and gas bankruptcies, detailing how the continuing downcycle has affected companies. The list records all oil and gas industry bankruptcies in E&P, oilfield service and midstream companies since 2015. In total, Haynes and Boone lists 310 different bankruptcies, from companies[Read More…]

Hi-Crush Keeps the Focus on the Community

Hi-Crush Keeps the Focus on the Community

Community involvement – more than just buzz words Hi-Crush (ticker: HCLP) is a major sand producer in both Wisconsin and more recently in Kermit, Texas, near operations in the Permian Basin, but the company strives to be more to the local community. HCLP has put a strong emphasis on serving the communities in which it works, and it has found[Read More…]

November 10, 2017 - 2:52 pm 360 Articles, Closing Bell Story, Oilfield Services
Superior Energy Services 2017 Q3 Earnings: Progress Despite Hurricanes

Superior Energy Services 2017 Q3 Earnings: Progress Despite Hurricanes

SPN: increase in customer demand and service intensity for U.S. land markets Superior Energy Services (ticker: SPN) released its Q3 Earnings today, announcing a net loss from continuing operations for the third quarter of 2017 of $57.2 million, or ($0.37) per share, on revenue of $506.0 million. This compares to a net loss from continuing operations of $62.0 million, or[Read More…]

October 24, 2017 - 6:56 pm 360 Articles, Closing Bell Story, Earnings, Oilfield Services
Schlumberger Leads Off Q3 Earnings Rush

Schlumberger Leads Off Q3 Earnings Rush

Kibsgaard: Market is now in balance, look for upward movement in oil prices and growth in E&P investment  Earnings season is here for Q3, and the oil and gas industry got off to a strong start with Schlumberger (ticker: SLB) reporting today. Q3 Stats Revenue of $7.9 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 11% sequentially[Read More…]

Liberty Oilfield Services Increases Flexibility with Debt Deal

Liberty Oilfield Services Increases Flexibility with Debt Deal

Liberty Oilfield Services announces closing of $175 million term loan and $250 million revolving credit facility Denver-based oilfield services company Liberty Oilfield Services announced Tuesday that the company closed a debt deal. The company entered two new debt facilities consisting of a $175 million, five-year term loan and a $250 million asset-based revolving credit facility (ABL) subject to a borrowing[Read More…]

October 12, 2017 - 5:29 pm 360 Articles, Closing Bell Story, Oilfield Services
Baker Hughes Names Simonelli Chairman after Immelt Departs GE Early

Baker Hughes Names Simonelli Chairman after Immelt Departs GE Early

Flannery takes over as GE’s chairman GE surprised a few people yesterday announcing that Jeff Immelt had stepped down Oct. 2 as the company’s chairman, a move that was originally scheduled for Dec. 31, 2017. John Flannery, who was formerly CEO of GE Healthcare became CEO of GE on Aug. 1, but his move into the chairman’s role was expected[Read More…]

October 3, 2017 - 5:00 pm 360 Articles, Closing Bell Story, Oilfield Services, People
Another Texas Commodity Getting Red Hot

Another Texas Commodity Getting Red Hot

Texas dunes, HCLP provide answers Texas is the motherlode when it comes to decade after decade of oil and gas production in the U.S., and the Permian basin is widely considered to hold some of the best rock in the country for oil production from shale formations. In addition, the industry’s Permian operators are learning how to best optimize their[Read More…]

Exclusive Video Interview with Heal Systems CEO Jeff Saponja

Exclusive Video Interview with Heal Systems CEO Jeff Saponja

Heal Systems: doubling production consistently in operators’ wells At its recent Oilfield Tech & Innovation Day, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Heal Systems CEO Jeff Saponja. Heal Systems and its majority shareholder Production Plus Energy Services found through extensive field trials over eight years that slug flow mitigation is the key to solving artificial[Read More…]

Exclusive Video Interview with Step Energy Services President & CEO Regan Davis

Exclusive Video Interview with Step Energy Services President & CEO Regan Davis

STEP Energy Services: newly public fracturing and coiled tubing services company looking to exit 2017 with fleet of 20 coil spreads in U.S. and Canada and 290,000 HP capacity At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with STEP Energy Services (ticker: STEP) President & CEO Regan Davis. STEP[Read More…]

Exclusive Video Interview with Flotek Industries Chairman, President & CEO John Chisholm

Exclusive Video Interview with Flotek Industries Chairman, President & CEO John Chisholm

Flotek Industries: a complete chemistry experience for oil and gas companies  At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Flotek Industries (ticker: FTK) Chairman, President & CEO John Chisholm. Flotek’s prescriptive chemical technology helps oil and gas operators enable and protect their reservoirs throughout the entire fluid lifecycle[Read More…]

Exclusive Video Interview with EcoStim Energy Solutions President & CEO Chris Boswell

Exclusive Video Interview with EcoStim Energy Solutions President & CEO Chris Boswell

EcoStim Energy Solutions: ~80% of revenue will be in the U.S. going forward; 2-year contract with YPF provides foundation for growth in Argentina   At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with EcoStim Energy Solutions (ticker: ESES) President & CEO Chris Boswell. EcoStim had its first full year[Read More…]

Exclusive Video Interview with Core Laboratories Chairman, President & CEO David Demshur

Exclusive Video Interview with Core Laboratories Chairman, President & CEO David Demshur

Core Lab: from start of production operators should inject engineered gases to pull more oil out of shale; Core Lab is working to boost average shale recovery from 9% to 13%-14% At its recent 2017 The Oil & Gas Conference®,  EnerCom’s Oil & Gas 360® conducted an exclusive video interview with global reservoir science and technology leader Core Laboratories (ticker:[Read More…]

Quieter Pumps, New EOR Methods, and New Tools to Enhance Production and Define the Reservoir – “Tech Day” Recap Part 4

Quieter Pumps, New EOR Methods, and New Tools to Enhance Production and Define the Reservoir – “Tech Day” Recap Part 4

“Our analysis helps our customers find what levers drive production.”—Leen Weijers, VP of Engineering for Liberty Oilfield Services After The Oil & Gas Conference® wrapped up in Denver last week, EnerCom hosted the debut of Oilfield Tech & Innovation Day, where the latest technologies for the E&P industry were the focus. The day was designed for both VCs and majors[Read More…]

Colorado Governor John Hickenlooper

Rulemaking, Legislation to Increase Colorado Oil & Gas Safety Following Gas Explosion, Says Governor

Colorado Governor John Hickenlooper released the state’s response following a three month review of oil and gas operations after a severed natural gas flowline contributed to a home explosion in Firestone, Colorado, in April that killed two people and injured a third. “At the time of the explosion, we committed to do all we could to ensure that what happened[Read More…]

August 23, 2017 - 3:24 pm 360 Articles, Closing Bell Story, E&P, Midstream, Oilfield Services
You Saw Technology Focused on Boosting Recoveries, Lowering E&P Costs – “Tech Day” Recap Part 3

You Saw Technology Focused on Boosting Recoveries, Lowering E&P Costs – “Tech Day” Recap Part 3

“Geophysics has transitioned from simply finding the resource to defining and understanding it” – MicroSeismic’s Carl Neuhaus  After The Oil & Gas Conference® wrapped up in Denver last week, EnerCom hosted the debut of Oilfield Tech & Innovation Day, where the latest technologies for the E&P industry were the focus. The day was designed for both VCs and majors who[Read More…]

EnerCom’s Oilfield Tech Innovators Let Operators Hear, Heal, Clean and Stimulate Downhole – “Tech Day” Recap Part 2

EnerCom’s Oilfield Tech Innovators Let Operators Hear, Heal, Clean and Stimulate Downhole – “Tech Day” Recap Part 2

“As drilling gets more efficient, more capital is being allocated to completions” – Cold Bore Technology’s Tyler Sanden Last week, following The Oil & Gas Conference® in Denver, EnerCom hosted the debut of Oilfield Tech & Innovation Day, at which technology developers with solutions tailored primarily for the E&P industry presented their strategies and technologies. This story is Part 2[Read More…]

EnerCom’s Oilfield Tech & Innovation Day Begins

EnerCom’s Oilfield Tech & Innovation Day Begins

EnerCom’s debut Oilfield Tech & Innovation Day kicks off Thursday Aug. 17 in downtown Denver at the Westin Hotel. Twenty-three companies will be discussing the crux of their technologies to boost production at the well and field level and lower costs of drilling and completing wells. Saudi Aramco Energy Ventures, BP Ventures and Shell Technology Ventures are presenting their investment[Read More…]

Catch the Future: Oilfield Tech & Innovation Day Aug. 17

Catch the Future: Oilfield Tech & Innovation Day Aug. 17

Thursday Aug. 17 is the debut of EnerCom’s Oilfield Tech & Innovation Day at the Westin Hotel Downtown Denver. The morning will kick off at 8:00 a.m. with a Venture Capital Panel in which Saudi Aramco Energy Ventures, BP Ventures and Shell Technology Ventures Group will go through their unique approaches to finding and funding the next groundbreaking oilfield technologies.[Read More…]

August 16, 2017 - 6:00 pm 360 Articles, Closing Bell Story, E&P, Oilfield Services
EnerCom’s 22nd The Oil & Gas Conference® Opens

EnerCom’s 22nd The Oil & Gas Conference® Opens

E&Ps, oilfield technology companies present to a full house at EnerCom conference The 22nd annual edition of EnerCom’s The Oil & Gas Conference® opened today. The conference was introduced by EnerCom CEO Glen Parrott whose presentation took a look at the quick reaction by the oil and gas industry to the forces of change affecting the industry since 2014—with fast[Read More…]

179% Increase in Tools Sales for Superior Drilling Products’ Q2 Update

179% Increase in Tools Sales for Superior Drilling Products’ Q2 Update

During its second quarter, Superior Drilling Products (ticker: SDPI) reported revenue of $4.0 million, up from $2.9 million in the previous year’s Q2. The company’s net income was $0.3 million for Q2, up $3.4 million from a Q2, 2016 loss. The company’s Drill-N-Ream®—or DnR—technology increased in sales and the company said that its channel partner successfully achieved its June 2017[Read More…]

EnerCom Conference Presenters:  Eco-Stim Energy Solutions Revenue Up 233%, Bellatrix Production Up to 38,000 BOEPD

EnerCom Conference Presenters:  Eco-Stim Energy Solutions Revenue Up 233%, Bellatrix Production Up to 38,000 BOEPD

Two companies, Eco-Stim Energy Solutions and Bellatrix Exploration, that are presenting at EnerCom’s The Oil & Gas Conference® have announced Q2 earnings and updates. Eco-Stim Energy Solutions Eco-Stim Energy Solutions (ticker: ESES) announced during its Q2 earnings call that is had increased its revenue by 233% over Q1, 2017 to $8.5 million. The company signed a second contract for services in[Read More…]

EnerCom Conference Presenters Represent $118 Billion Market Cap, 3.2 MMBOEPD Production

EnerCom Conference Presenters Represent $118 Billion Market Cap, 3.2 MMBOEPD Production

Public oil and gas companies presenting at the 2017 EnerCom conference represent $118 billion in combined market cap, $164 billion enterprise value and 3.2 MMBOEPD daily production Luncheon keynote executives Stephen Ingram, Tom Petrie, John Hofmeister, John Brantley will deliver global industry insight from their current and past executive roles at Halliburton, Petrie Partners, Shell Oil Company and IBM  [Read More…]

August 11, 2017 - 10:56 am 360 Articles, Canada, Closing Bell Story, E&P, Oilfield Services, TOGC 22
EnerCom’s Oilfield Tech Day: All Water is Not the Same

EnerCom’s Oilfield Tech Day: All Water is Not the Same

Gradiant Energy Services tailors water solutions to basins, plays, operators Water is a major concern throughout the oilfield. Operators are struggling with the logistics of water treatment as the need to handle water in day-to-day oilfield activities grows. Gradiant Energy Services is a privately held company that offers several solutions geared towards bacteria treatment, re-use, disposal, and desalination of water[Read More…]

Production Up, Coiled Tubing Revenue Up 70%, Acquisitions, and a Super Pad: EnerCom presenters NOG, KEG, MPO, PVAC talk 2Q

Production Up, Coiled Tubing Revenue Up 70%, Acquisitions, and a Super Pad: EnerCom presenters NOG, KEG, MPO, PVAC talk 2Q

Four presenters at EnerCom’s 22nd The Oil & Gas Conference® announced earnings and operational updates for Q2. Northern Oil and Gas Northern Oil and Gas (ticker: NOG) said that its average production had grown 4% from the first quarter to the second, up to 13,794 BOEPD. The company produced a total of 1,255,280 BOE over the course of the quarter.[Read More…]

Success of Shale will Depend on New Oilfield Technologies to Shore Up Economics

Success of Shale will Depend on New Oilfield Technologies to Shore Up Economics

Aug. 17: see oilfield tech that will play a critical role in the financial health of the shale industry If Q2 oil and gas company filings are representative of what’s going on in the industry, a lot of shale developers are proving that they can make money when oil is approaching $50 per barrel. Rig counts are up across the[Read More…]