Oilfield Services

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 …

The 360 Digital Closing Bell Look Back – 4-17-2020

The 360 Digital Closing Bell Look Back – 4-17-2020

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 did good on some of our predictions, and some very

Source: Reuters

Baker Hughes taking $1.5 billion earnings hit on drop in oil services

Reuters


Oilfield services provider Baker Hughes Co said on Monday it will take a $1.5 billion charge to its first-quarter earnings, write down the value of its oilfield business and slash this year’s capital spending by 20%.

 

Oil and …

The 360 Digital Closing Bell Look Ahead– 4-13-2020

The 360 Digital Closing Bell Look Ahead– 4-13-2020

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

Source: Quintana Energy Services

Quintana Energy Services Announces Cost Realignment Actions In Response To Current Market Conditions

Quintana Energy Services Inc. (NYSE: QES) (“QES” or the “Company”), a diversified oilfield services company operating in both conventional and unconventional plays in all of the active major basins throughout the U.S., today announced continued cost reduction actions in response …

The 360 Digital Closing Bell Look Back – 4-10-2020

The 360 Digital Closing Bell Look Back – 4-10-2020

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 did good on some of our predictions

 

Some of

Source: Reuters

ProPetro plans up to 20% cut to executive pay as oil slumps

Reuters


ProPetro Holding Corp said on Thursday it will reduce compensation at different levels by up to 20%, the latest oilfield services provider looking to rein in costs to weather a steep drop in oil prices.

 

The Midland, Texas-based …

Source: Reuters

Oilfield firm Halliburton cuts more U.S. jobs as oil bust deepens

Reuters


Oilfield services firm Halliburton on Monday was cutting about 350 employees in Oklahoma, according to a filing with the state, amid a deepening oil bust from the spread of coronavirus and a price war between Russia and Saudi Arabia.…

The 360 Digital Closing Bell Look Ahead– 4-6-2020

The 360 Digital Closing Bell Look Ahead– 4-6-2020

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 flight suit on

Petrofac to cut staffing levels by 20% in response to Covid-19

Petrofac to cut staffing levels by 20% in response to Covid-19

EnergyVoice


Oil & Gas 360 Publishers Note: Take note that Petrofrac is lowering the board and senior management compensation during this financial crisis when their employees are affected as well. This is a behavior that investors should note when the

The 360 Digital Closing Bell Look Back – 4-3-2020

The 360 Digital Closing Bell Look Back – 4-3-2020

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 did good on some of our predictions

 


 

Some

Source: Reuters

Shale-well frackers grind to a halt as oil prices collapse

Reuters


DENVER  – Once the fastest growing – and most controversial – oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells.

Fracking companies, which pump …

Source: Reuters

Oilfield spending to fall 21% as producers slash outlays: report

Reuters


Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and …