Oilfield Services

EnerCom Dallas investment conference

What’s not to Love? EnerCom Dallas Showcases Oil Producers in Southeastern Europe, U.S., Canada, South America

Strong EnerCom Dallas conference registrations point to 2017 energy sector uptick

EnerCom Dallas, EnerCom’s Texas-based oil and gas investment conference, will bring together a slate of upstream producers and oilfield technology innovators working in key global oil and gas jurisdictions. …

Scotland Launches Decommissioning Fund for North Sea Platforms, Pipelines

Scotland Launches Decommissioning Fund for North Sea Platforms, Pipelines

Looking to spur business activity in Scotland for decom projects

Scotland’s First Minister has launched a new £5 million fund that will provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure.

The …

The Capital Markets are Open to Oil & Gas: PLS

The Capital Markets are Open to Oil & Gas: PLS

PLS Capitalize™ Report: Oil & gas industry raised $186 Billion through U.S. public offerings in 2016; PLS predicts surge in M&A activity in 2017

Houston’s oil and gas research firm PLS Inc. provided the following statistical review of capital markets …

Weatherford Cuts U.S. Frac Business to Reduce Costs

Weatherford Cuts U.S. Frac Business to Reduce Costs

Pressure pumping sale to be completed by 2018

Weatherford International (ticker: WFT) announced the suspension of its U.S. pressure pumping business in its conference call February 1. The U.S. pressure pumping sector was suspended in the middle of Q4 2016 …

EnerCom Dallas investment conference Mar 1-2 2017

EnerCom Dallas Announces Conference Presenters and Agenda

Oil & Gas Company Chief Executives, Financial Analysts, Economists, Energy Investors will gather at EnerCom Dallas on March 1-2, 2017

EnerCom’s first Texas-based oil and gas investment conference—EnerCom Dallas—will kick off on March 1, 2017. EnerCom Dallas will feature presentations …

Core Lab Q4 Conference Call: Industry Bottomed in Q3

Core Lab Q4 Conference Call: Industry Bottomed in Q3

Q3 2016 marked the bottom of the V-shaped recovery which is now under way

In the company’s Q4 conference call this morning’s , Core Laboratories (ticker: CLB) CEO David Demshur and other members of the CLB executive team laid out …

EnerCom Dallas investment conference Mar 1-2 2017

EnerCom Dallas Presenters Include E&Ps Developing Assets in North and South America

EnerCom, Inc. is hosting the EnerCom Dallas investment conference on March 1-2, 2017.

Presenters include exploration and production companies and oilfield technology companies working in the major North American oil and gas basins, Latin American plays and global energy projects.…

North American Operators Drive Halliburton Recovery

North American Operators Drive Halliburton Recovery

Efficiency is way more important than pricing: Lesar

Halliburton (NYSE: HAL) released its fourth quarter 2016 results Monday, reporting numbers that indicate that the recovery is well underway in North America’s oil and gas sector.

Improved pricing in the second …

U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

Quick Take: 2017 Oilfield Service and Drilling Outlook from Bloomberg Intelligence

Bloomberg Intelligence (BI) analysts Andrew Cosgrove and William Foiles presented a briefing today on the outlook for U.S. oil services and drilling. Bottom line: U.S. shale developers will lead …

Patterson-UTI Energy Inc. and Seventy Seven Energy to Merge

Patterson-UTI Energy Inc. and Seventy Seven Energy to Merge

Service Company Makes Big Push into Land Drilling High Spec Rigs and Pressure Pumping

Patterson-UTI Energy Inc. (ticker: PTEN) and Seventy Seven Energy Inc. (ticker: SVNT) today jointly announced that they have entered into a definitive merger agreement in which …

Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million.

Precision Drilling Announces its 2017 CapEx Plan

Precision Drilling has 110 drilling rigs currently running in North America: seeing strengthening demand – 45 rigs under contract for 2017; company has filled 1,000 positions

Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 …

Baker HuGE:  Oilservice Leader Baker Hughes and GE Oil and Gas to Combine as $32 Billion Company

Baker HuGE: Oilservice Leader Baker Hughes and GE Oil and Gas to Combine as $32 Billion Company

Consolidation Will Create a Services Company “Ideally Positioned to Grow in any Market”

Baker Hughes (ticker: BHI) will merge with GE’s (ticker: GE) oil and gas segment, forming a new company called Baker Hughes, A GE Company, with $32 billion …

Saudi Aramco and Nabors Enter JV

JV to own, manage and operate Saudi-made onshore drilling rigs in Saudi Arabia starting 2Q 2017

Nabors Industries Ltd. (ticker: NBR) today announced the signing of an agreement to form a new Joint Venture in the Kingdom of Saudi Arabia …

October 31, 2016 - 11:27 am Closing Bell Story‎, Energy News, Oilfield Services

Weatherford Reports Q3 Loss of $1.78 Billion, CEO Sees Market Slowly Turning

From the Houston Business Journal

Weatherford International Ltd. (NYSE: WFT) reported a net loss of $1.78 billion, or $1.98 per share, in the third quarter.

That compares to Weatherford’s second-quarter loss of $565 million, or 63 cents per share, and …

October 27, 2016 - 11:54 am Closing Bell Story‎, Energy News, Oilfield Services
We Have Indeed Reached the Bottom of the Cycle: SLB’s Kibsgaard

We Have Indeed Reached the Bottom of the Cycle: SLB’s Kibsgaard

But expect rising service costs and stricter return hurdles

Paal Kibsgaard, CEO of the world’s largest oilfield service provider Schlumberger (ticker: SLB), gave his assessment of the global oil and oil services markets during the company’s third quarter conference call.…

Halliburton Executives Lay Out E&P/Oilservice Landscape for Q4 and 2017

Halliburton Executives Lay Out E&P/Oilservice Landscape for Q4 and 2017

Halliburton: things are getting better for us and our customers

In Halliburton’s (ticker: HAL) Q3 2016 conference call today, CEO Dave Lesar characterized the business climate in Q3 for the company and gave some hints about where the industry feels …

BetaZi & P2 Energy Solutions-Tobin will have Production Forecasts on Every Well in Key U.S. Basins

BetaZi LLC is pleased to announce the availability of a new product powered by its proprietary physics-based™ predictive analytics and P2 Energy Solutions’ Tobin™ data: Basin Studies.  Each Basin Study includes a reliable forecast on every well in the basin, …

September 26, 2016 - 2:34 pm Closing Bell Story‎, Energy News, Oilfield Services
Source: WPX

Warren Buffett Continues Accumulating Oilfield Stocks

Phillips 66 is Buffett’s 6th Largest Holding – 79 million shares

Last year, Warren Buffett made his first purchase of Phillips 66 (ticker: PSX) stock amid the depletion in oil prices and the consequent depletion of oilfield service stocks.…

Pioneer Energy Services – Day Three Breakout Notes

Pioneer Energy Services – Day Three Breakout Notes

Pioneer Energy Services presents at EnerCom’s The Oil & Gas Conference®

 During Pioneer Energy Services’ breakout session, management was asked the following questions:

  • What do you think the state of the industry really is? What type of rigs will get
RigUp, Inc. to Present at the EnerCom Conference August 16th

RigUp, Inc. to Present at the EnerCom Conference August 16th

RigUp is a private technology company that operates the largest online marketplace for oilfield services.

RigUp’s network spans 150 E&Ps and 11,000 service companies, with $250 million in monthly-awarded work being transacted on the platform. Over the past 18 months, …

Core Laboratories – Day One Breakout Notes

Core Laboratories – Day One Breakout Notes

Core Laboratories presents at EnerCom’s The Oil & Gas Conference®

 During the Core Laboratories breakout session, management was asked the following questions:

  • Can you talk about what you see in world supply and demand curves? Specifically how do you see
EnerCom Conference Presenter Focus: Core Laboratories

EnerCom Conference Presenter Focus: Core Laboratories

Core Laboratories will present at EnerCom’s The Oil & Gas Conference® on Mon. Aug. 15, 2016.

Core Laboratories (ticker: CLB) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum …

Technology-Driven Drilling Service Companies who are Preemptive, Predictive Will Prevail: Helmerich & Payne

Technology-Driven Drilling Service Companies who are Preemptive, Predictive Will Prevail: Helmerich & Payne

The Days of “Show Up and Fix It” are Over: Lindsay

Ninety-six year old Tulsa-based Helmerich & Payne (ticker: HP) reported its third quarter results today and on the conference call CEO John Lindsay expressed confidence that the company will …

Industry Needs Minimum of Upper $50s for Sustainable Recovery: BHI

Industry Needs Minimum of Upper $50s for Sustainable Recovery: BHI

But BHI Chairman Predicts “Continued Uncertainty” in Global Oil Markets

Before the markets opened today, Baker Hughes (ticker: BHI) hosted the company’s second quarter conference call. BHI reported an adjusted net loss of $0.90 per share, with revenue falling 39.3% …

We Found the Bottom, but Don’t Expect an Easy Recovery – Schlumberger

We Found the Bottom, but Don’t Expect an Easy Recovery – Schlumberger

Schlumberger CEO Paal Kibsgaard pessimistic on underlying industry performance

During the second quarter conference call for the world’s largest oilfield service provider, Schlumberger (ticker: SLB) CEO Paal Kibsgaard said that oil markets had found bottom, but that the road to …

Core Lab Stands by Decline Curves, V-Shaped Recovery

Core Lab Stands by Decline Curves, V-Shaped Recovery

Core Lab Reports 2Q

Oilfield services firm Core Laboratories (ticker: CLB) announced results from the second quarter 2016 today, reporting adjusted diluted earnings of 35 cents per share on quarterly revenue of $148.1 million.

Because of its worldwide customer bank, …

Halliburton Calls Q2 the Bottom, Gets Ready to Gear Up

Halliburton Calls Q2 the Bottom, Gets Ready to Gear Up

You can’t underestimate the positive change in attitude that we are seeing in our North American customers, they’re getting back to business: Lesar

Oilfield service giant Halliburton (ticker: HAL) announced its second quarter results today, reporting a larger loss than …

Bam! It’s Earnings Season Again – Q2’16 Estimates

Bam! It’s Earnings Season Again – Q2’16 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 201 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company …

Merger Fallout: 6 Williams Directors Jump Ship

Merger Fallout: 6 Williams Directors Jump Ship

Following a Delaware judge’s ruling last week that Energy Transfer Equity (ticker: ETE) could walk away from the Williams Company (ticker: WMB) merger, and Energy Transfer’s official cancellation of it, the fallout from the decision is coming full circle.

Six …

Use of Water-Based Drilling Fluids on the Rise: Report

Use of Water-Based Drilling Fluids on the Rise: Report

Drilling Fluids Market Dips to $8 Billion in ’15, but Rise of WBF and Foam-based Muds are Coming on Strong thanks to Environmental Regulations

The global drilling fluids market size was valued at USD 7.98 billion in 2015, a slump …