Oilfield Services

OPEC Weighs in on U.S. Shale, Oilfield Services

OPEC Weighs in on U.S. Shale, Oilfield Services

From the Houston Chronicle

Rising oil prices could sustain financial returns for U.S. shale drillers even as oil field service companies demand more money for rigs and crews, OPEC said Thursday.

U.S. oil companies could make “decent” returns at $53-a-barrel …

January 18, 2018 - 12:58 pm Closing Bell Story‎, Energy News, Oilfield Services, OPEC
Oil’s Sustained Rise Giving Oilfield Servicers Time to Recover

Oil’s Sustained Rise Giving Oilfield Servicers Time to Recover

From Bloomberg

Fourth-quarter hint on Schlumberger’s sales offers promise ahead

Oilfield sector’s now a leader on S&P 500 Energy Index

Oilfield-service providers, happy to close the book on a largely unforgiving 2017, are eyeing a rebirth with higher crude prices …

January 18, 2018 - 11:53 am Closing Bell Story‎, Energy News, Oilfield Services
BAM: It’s Earnings Season (Again) – Here are the Q4’17 Oil & Gas Company Estimates

BAM: It’s Earnings Season (Again) – Here are the Q4’17 Oil & Gas Company Estimates

Seems like just yesterday it was Q3 reporting season. But time flies—quarter by quarter—in the public company universe.

EnerCom, Inc. has compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 112 E&P …

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., …

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 …

International E&Ps to Present at EnerCom Dallas Oil & Gas Investment Conference Feb. 21-22, 2018

International E&Ps to Present at EnerCom Dallas Oil & Gas Investment Conference Feb. 21-22, 2018

Oil industry senior management teams will discuss 2018 operations at the EnerCom Dallas investment conference

Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for the EnerCom Dallas

EnerCom Dallas investment conference

Registration is Open for EnerCom Dallas Oil & Gas Investment Conference, Feb. 21-22, 2018

Publicly traded oil and gas companies, oilfield service companies talk 2018 plans at EnerCom Dallas

Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for the EnerCom Dallas

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 …

Producers Brace for 21% Higher Oil Field Costs in 2018: Barclays

Producers Brace for 21% Higher Oil Field Costs in 2018: Barclays

That’s on top of 35% rise in 2017; 51% of surveyed oil and gas companies thought rising oil field costs would erase at least 75% of their hard-won efficiency gains achieved during downturn

From the Houston Chronicle

Oil producers are …

December 27, 2017 - 8:05 am Closing Bell Story‎, Energy News, Oilfield Services
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 …

Precision Drilling Adds New Director

Precision Drilling Adds New Director

Calgary’s Precision Drilling Corporation (ticker: PDS) has added Michael R. Culbert to its board of directors.

Culbert is vice chairman of Progress Energy Canada Ltd, a wholly owned Canadian subsidiary of PETRONAS that is focused on the development of unconventional …

December 1, 2017 - 3:59 pm Canada, Closing Bell Story‎, Oilfield Services, People
Weatherford Hires Morgan Stanley to Divest Assets: Reuters

Weatherford Hires Morgan Stanley to Divest Assets: Reuters

From Reuters

LONDON/NEW YORK (Reuters) – U.S. oil services firm Weatherford International has appointed advisers including Morgan Stanley to sell units starting in the first quarter of 2018, banking sources told Reuters.

Alongside oil producers, companies that drill wells, haul …

November 27, 2017 - 9:51 am Closing Bell Story‎, Energy News, Oilfield Services
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 …

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 …

The Crucial Importance of Water Handling in Oilfield Operations – An Oil & Gas 360® Special Report

The Crucial Importance of Water Handling in Oilfield Operations – An Oil & Gas 360® Special Report

Water is not a traded commodity in the U.S., like iron ore, copper or coal, but it has become a critical factor to the companies that produce oil and gas from North America’s shale basins 

One of the biggest environmental …

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 …

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) …

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) …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Exclusive Video Interview with Basic Energy Services President & CEO Roe Patterson

Exclusive Video Interview with Basic Energy Services President & CEO Roe Patterson

Basic Energy Services: don’t over-leverage, don’t get out over your skis

At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Basic Energy Services (ticker: BAS) President & CEO Roe …

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®,  …

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, …

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 …

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 …