Oilfield Services

The 360 Digital Closing Bell Look Ahead– 6-29-2020

The 360 Digital Closing Bell Look Ahead– 6-29-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. Another Monday, Another 360 Digital Closing Bell! Michael Tanner and Stuart Turley cover

Frac sand producer Hi-Crush pursuing bankruptcy amid flagging sales

Frac sand producer Hi-Crush pursuing bankruptcy amid flagging sales

State Journal

One of Wisconsin’s largest sand mining companies plans to file for bankruptcy and says it may be forced to go out of business after losing nearly $147 million in the first three months of 2020 and seeing a …

June 26, 2020 - 9:08 pm Finance, Fracing, Oilfield Services, Press Releases
Hi-Crush Inc. Reports First Quarter 2020 Results and Provides Additional Financial and Operational Updates

Hi-Crush Inc. Reports First Quarter 2020 Results and Provides Additional Financial and Operational Updates

HOUSTON, June 25, 2020 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR) (“Hi-Crush” or the “Company”), a fully-integrated provider of proppant logistics solutions, today reported first quarter 2020 results, along with additional financial and operational updates.

Dallas Fed Energy Survey – Activity in the oil and gas sector deteriorated further in Q2

Dallas Fed Energy Survey – Activity in the oil and gas sector deteriorated further in Q2

Dallas Fed


Activity in the oil and gas sector deteriorated further in second quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District …

ProPetro Completes Review Process and Files Formerly Delinquent 2019 Annual and Quarterly Reports

ProPetro Completes Review Process and Files Formerly Delinquent 2019 Annual and Quarterly Reports

ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) today announced the completion of its previously announced Audit Committee internal review process and the filing of its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2019

Oilfield Services May Not Recover Until 2023

Oilfield Services May Not Recover Until 2023

Rystad Energy


  • Global demand for oilfield services (OFS) is set for a massive 25% yearly drop in 2020.
  • The well servicing sector will be the first to recover, while long-lead segments will pick up much later

Global demand for oilfield …

June 19, 2020 - 7:26 am Crude Oil News, Jobs, Oilfield Services
Schlumberger to take up to $1.4 billion charge for restructuring

Schlumberger to take up to $1.4 billion charge for restructuring

BIC


Oilfield services provider Schlumberger NV expects to book a charge to earnings of up to $1.4 billion for an accelerated restructuring and new job cuts, Chief Executive Officer Olivier Le Peuch said at a energy conference on Tuesday, Reuters

June 18, 2020 - 11:00 am Crude Oil News, Oilfield Services
The 360 Digital Closing Bell Look Ahead– 6-15-2020

The 360 Digital Closing Bell Look Ahead– 6-15-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. This episode has the duo talking verbiage, specifically recovery vs. rebound and

Calfrac Announces Deferral of Interest Payment

Calfrac Announces Deferral of Interest Payment

Calfrac Announces Deferral of Interest Payment

June 15, 2020 - 6:00 am Canada, Canada News, Oilfield Services, Press Releases
The 360 Digital Closing Bell Look Ahead– 6-8-2020

The 360 Digital Closing Bell Look Ahead– 6-8-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Michael Tanner and Stuart Turley cover everything you need to know about the upcoming week in energy Show starts diving into the story-behind-the-story on last

National Energy Services Reunited Corp. Finalizes Agreement to Close Acquisition of SAPESCO

HOUSTON, TX / ACCESSWIRE / June 2, 2020 / National Energy Services Reunited Corp. (“NESR” or the “Company”) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) and Asia Pacific, announced a …

June 2, 2020 - 7:30 pm Oilfield Services, Press Releases
Source: Reuters

Oil services firm Subsea 7 to lay off 3,000 following oil market slump

Reuters


OSLO – Oil services firm Subsea 7 announced on Thursday that it will cut its global workforce by a quarter and reduce its fleet of specialized vessels by up to a third to preserve cash following the slump in …

The 360 Digital Closing Bell Look Ahead– 5-25-2020

The 360 Digital Closing Bell Look Ahead– 5-25-2020

VERY SPECIAL Mega Memorial Day 360 Digital Closing Bell episode #19 back for another week ahead in energy!

Show starts with Michael Tanner talking about what ESG might look like post-COVID19 as it relates to the markets (hint: slight history

Coronavirus Threatens to Hobble the U.S. Shale-Oil Boom for Years

Coronavirus Threatens to Hobble the U.S. Shale-Oil Boom for Years

WSJ


American shale drillers helped turn the U.S. into the world’s top oil producer, topping 13 million barrels a day earlier this year. It likely will be years—if ever—before they reach such heights again.

That is the growing view among …

Source: Reuters

Halliburton slashes dividend by 75% in latest move to save cash

Reuters


Oilfield services provider Halliburton Co slashed its quarterly dividend by 75% on Wednesday, the latest move by the company to shore up cash to cope with a dramatic plunge in oil prices that began in March.

U.S. oil prices …

The 360 Digital Closing Bell Look Ahead– 5-18-2020

The 360 Digital Closing Bell Look Ahead– 5-18-2020

The gang is back for a WILD SHOW. Show starts by covering some random topics:

 

Show starts with random story time as the crew whips around some of the pressing issues not big enough for their own segment: OK

OFS stocks lost half their value since 2020 began

OFS stocks lost half their value since 2020 began

Oil&Gas


The best performers among services companies were in the EPCI sector

Oil & Gas 360 publishers note: This is an excellent article by Carla Sertin. She uses information from Rystad, and highlights several key points.  “The result of

Pioneer Natural Resources Announces Pricing of Upsized $1.15 Billion Convertible Senior Notes Offering

Pioneer Natural Resources Announces Pricing of Upsized $1.15 Billion Convertible Senior Notes Offering

Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or “the Company”) today announced the pricing of $1.15 billion aggregate principal amount of 0.250% convertible senior notes due 2025 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule …

May 12, 2020 - 2:55 am Finance, Oilfield Services, Press Releases
The 360 Digital Closing Bell Look Ahead– 5-11-2020

The 360 Digital Closing Bell Look Ahead– 5-11-2020

The gang is back for a WILD SHOW. Show starts by covering some random topics:

(1) Green Renewable are not so green (or renewable) according to a new Michael Moore Doc

(2) Hydrogen could be the next energy for front

U.S. Well Services Announces First Quarter 2020 Financial and Operational Results

U.S. Well Services Announces First Quarter 2020 Financial and Operational Results

U.S. Well Services Announces First Quarter 2020 Financial and Operational Results

The 360 Digital Closing Bell Look Back – 5-8-2020

The 360 Digital Closing Bell Look Back – 5-8-2020

Another Friday, Another week that was in energy! Short show as Michael begins by over viewing what we know about shuts ins and what to expect moving forward with them! As always the gang checks the levels,

Stu covers everything

Basic Energy Services announces launch of automated water management solution with major permian client

Basic Energy Services announces launch of automated water management solution with major permian client

Basic Energy Services


FORT WORTH, Texas–(BUSINESS WIRE)– Basic Energy Services, Inc. (OTCQX: BASX) (“Basic”) announced today the successful testing of an automated water management solution with a major US operator. The solution provides a step change in efficiency, allowing the …

New WolfePak Software Pumper App Automates  Field Data Capture and Analysis for Production and Well Data

New WolfePak Software Pumper App Automates Field Data Capture and Analysis for Production and Well Data

360 Feed Wire


ABILENE, Texas, May 7, 2020  — WolfePak Software, a leading provider of oil and gas accounting, regulatory compliance and automation software, today announced its new native Pumper solution for automated data collection, reconciliation and management of …

The 360 Digital Closing Bell Look Ahead– 5-4-2020

The 360 Digital Closing Bell Look Ahead– 5-4-2020

The gang is back for another wild episode of the 360 DCB! Michael and Stu start by over-viewing earnings season so far and see if their are any clues for the rest of the earnings calls this season. They then

The 360 Digital Closing Bell Look Back – 5-1-2020

The 360 Digital Closing Bell Look Back – 5-1-2020

The duo is LIVE for Episode #12 for the 360 Digital Closing Bell for another wild week in energy. Michael starts by overview the big news that the Trump Administration is considering multiple lending methods to help struggling OG companies

The 360 Digital Closing Bell Look Ahead– 4-27-2020

The 360 Digital Closing Bell Look Ahead– 4-27-2020

Stu and Michael back out it for another week head in oil!! Wild show starts with a rant from Michael about negative pricing and the huge unintended consequences from this contango market. The duo then shifts to the top stories

The 360 Digital Closing Bell Look Back – 4-24-2020

The 360 Digital Closing Bell Look Back – 4-24-2020

Episode #10. The 360 Digital Bell Look Back Report. Michael Tanner, the Host of the closing bell, covers what happen for during this week; the good the bad and the homely. We cover the article by David Forsberg on the

Source: Reuters

Patterson-UTI sees 60% decline in activity as oil prices crater

Reuters


Oilfield service firm Patterson-UTI Energy Inc (PTEN.O) on Thursday warned investors it would see a 60% decline in activity this year as shale companies slash spending and halt activity amid an unprecedented decline in oil prices.

The …

The 360 Digital Closing Bell Look Ahead– 4-20-2020

The 360 Digital Closing Bell Look Ahead– 4-20-2020

The 360 Digital Bell Look Ahead Report. Michael Tanner, the Host of the closing bell, covers what could happen this week; the good the bad and the homely. We cover the wild week ahead, and get your crayons ready to

(left) Schlumberger's drilling operator Adrian Gabriel (cq) is directly in charge of drilling operation on the Genesis Drilling Test Facility where other employees train with a real life size drilling simulator which was commissioned in 1986 at company's U.S. headquarters in Sugar Land and continues to train on Wednesday, September 27, 2006. Schlumberger is the world's largest oilfield services company and has had a local presence since the 1930s; it recently consolidated its New York offices in Houston. Schlumberger is coming off a record quarter and anticipates solid financial growth as profit-rich oil companies invest more in exploration. Photo by Mayra Beltran / Houston Chronicle

Schlumberger’s $7.4B loss sets stage for ‘most uncertain’ future

Chron


Schlumberger, the largest oil field service company, said Friday it lost $7.4 billion in the first quarter. Then its CEO said the second quarter will be worse.

The company attributed the loss to writing down the value of assets …