Hydraulic Fracturing Archives

Gasoline price fears stoked by Iran may still roil election

January 10, 2020

Houston Chronicle Donald Trump’s decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and underscored a U.S. political reality: Higher gasoline prices can tip elections. The president, who is counting on a robust economy to win re-election in November and maintain Republican control of the Senate, is banking on record-shattering surges

Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well

January 8, 2020

Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well

Obrador Administration rolling back energy reform in Mexico –

January 3, 2020

Power Oil and Gas 360 Publisher’s note: Mexico’s importing of U.S. natural gas is going to grow exponentially as the pipelines from the United States come on line in the near future. The bottom line: The current administration wants to control pricing and re-enact the state owned power generation for Mexico. Darrell points out in this article that development of

Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs -oilandgas360

Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.

January 2, 2020

Freightwaves Flatbed truckload operators have been unprofitable for most of 2019 Oil & Gas 360 Publishers Note: We have been watching the Oil Field Service (OFS) take serious losses due to the investor demand for short-term returns. Investors are calling for less CapEx spending, Free Cash Flow (FCF) and ultimately less drilling. Less drilling is adversely affecting the OFS companies

Drilling Down: Top Texas drillers of 2019

December 30, 2019

Chron A huge push in West Texas has allowed oil major Exxon Mobil to unseat Houston exploration and production company EOG Resources as the top driller in Texas. Exxon Mobil’s shale arm XTO Energy filed for 659 drilling permits with the Railroad Commission of Texas this year, easily surpassing the 508 filed by EOG Resources. Nearly 90 percent of Exxon

Can scientists forecast human-induced earthquakes?

December 25, 2019

temblor – Aiming to make energy production safer, scientists developed a new model for forecasting earthquakes caused by oil and gas operations in the central U.S. “The goal of this study is really to make energy production safer,” Shirzaei says. Having the tools to mitigate the seismic hazards associated with oil and gas production is important, he says. Starting in

Harold Hamm invites Elizabeth Warren on tour of shale heartland

December 20, 2019

Houston Chronicle Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected. In a letter dated Dec. 18, Hamm said he wanted Warren to tour “the economic engine that is our industry” while she visits her home state of Oklahoma for a town hall meeting

Torchlight provides Orogrande Basin project operational update

December 20, 2019

Torchlight Provides Orogrande Basin Project Operational Update

Smart Sand, Inc. Announces Long-Term Debt Refinancing Under Combination Equipment Financing and Credit Facility

December 16, 2019

Smart Sand, Inc. Announces Long-Term Debt Refinancing Under Combination Equipment Financing and Credit Facility

$Basic Energy Services exits hyrdaulic fracturing business- oil and gas 360$

Basic Energy Services exits hyrdaulic fracturing business

December 13, 2019

Houston Chronicle Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing shale slump. In a Thursday morning statement, the company reported that it is selling almost all of its assets in the pressure pumping business, which includes hydraulic fracturing and other related services. Basic intends to use to the proceeds from the

Frac sand supplier U.S. Silica raises prices on its other products

December 3, 2019

Houston Chronicle Citing rising demand and production costs, Katy frac sand company U.S. Silica is raising the price of its non-frac sand products. In a Tuesday morning statement, U.S. Silicia that it is raising prices for most of its products used to make everything from paints and roofing materials to chemicals, building products and kitty litter. Depending on the product

Billionaire fracking brothers hammered by Permian holdings

November 22, 2019

Houston Chronicle Farris and Dan Wilks hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion, giving them ample resources to fund their interests in land, politics and religion. But many of their more recent investments in the Permian Basin have turned to dust. The brothers put some of their fortune

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