Post Tagged with: "EcoStim"

Eco-Stim Energy Pushes Further Into STACK

Eco-Stim Energy Pushes Further Into STACK

Eco-Stim Energy Solutions, Inc. (ticker: ESES) reported a net loss of $26.9 million, or $(0.41) per basic and diluted share for the full year of 2017. For Q4 2017, EcoStim reported a net loss of $9.1 million, or $(0.12) per basic and diluted share. Total capital expenditures during the fourth quarter of 2017 were approximately $10.7 million, compared to $16.9 million in the third quarter of 2017. For 2017, capital expenditures were $35.4 million, primarily related to investments in the company’s two U.S. frac fleets. As a result of the company’s investments, total pumping horsepower has increased to approximately 168,750 HHP, including six rental pumps and approximately 45,000 HHP of equipment that is subject to refurbishment and upgrades prior to activation. J. Chris Boswell, president and CEO said, “2017 was a big transition year for EcoStim as we commenced operations for two spreads in the US and advanced efforts in[Read More…]

Eco-Stim: A Cleaner Approach to Oilfield Service

Eco-Stim: A Cleaner Approach to Oilfield Service

Eco-Stim Energy Solutions Inc. (ticker: ESES), an oilfield service company focused on providing support to oil and gas operators while simultaneously reducing its environmental impact, has had a growth spurt in the past few months. A variety of services Eco-Stim offers pressure pumping services—which encompasses workover, injection, cased-hole testing, among other services—and coiled tubing services. In addition to the company’s stimulation and completion services, it offers field management solutions in the form of geophysical prediction tools—to help its clients optimize completions strategies—and fiber optic monitoring—to verify wellbore cement integrity, and quality assurance in stimulation and production operations. Reducing impact with natural gas pumps The company’s claim to fame and the inspiration behind its name is its utilization of natural-gas powered pumping units. Eco-Stim has made an effort to employ pumping technology that reduces emissions by approximately 65% by utilizing natural gas, CNG, or LNG. The system is also capable of[Read More…]

Interview with Chris Boswell, President and CEO of EcoStim Energy Solutions at The Oil & Gas Conference® 20

Interview with Chris Boswell, President and CEO of EcoStim Energy Solutions at The Oil & Gas Conference® 20

EcoStim Energy Solutions CEO, Chris Boswell, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. EcoStim is a well stimulation and completion services company that works exclusively in Argentina serving shale drillers. EcoStim has a proprietary technology that helps drillers target the “sweet spots” within each frac stage in the Vaca Muerta shale play. EcoStim Energy Solutions – The Oil & Gas Conference® 20 Webcast

September 1, 2015 - 4:40 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
EcoStim Energy Solutions – Day Three Breakout Notes

EcoStim Energy Solutions – Day Three Breakout Notes

Chris Boswell, President and Chief Executive Officer of EcoStim Energy Solutions, Inc. (NASDAQ: ESES), presented today at EnerCom’s The Oil & Gas Conference® 20. EcoStim is an environmentally-focused oilfield service and technology company providing proprietary field management technologies and well stimulation and completion services to oil and gas producers drilling in the rapidly expanding international unconventional shale markets. EcoStim’s proprietary methodology and technology offer the potential to decrease the number of stages stimulated in shale plays through a unique process that predicts high probability production zones while confirming those production zones using the latest generation down-hole diagnostic tools. July 2015 was the company’s highest revenue month to date, and its revenues for Q2’15 were 38% higher than its Q1’15 results. Higher capacity sand equipment arrived late in the quarter and broadens Eco-Stims future service capability. During the company’s breakout session, management was asked the following questions: Can you explain the[Read More…]

August 19, 2015 - 5:13 pm Oil and Gas 360 Articles