Post Tagged with: "Oilfield services"

Liberty Oilfield Services Increases Flexibility with Debt Deal

Liberty Oilfield Services Increases Flexibility with Debt Deal

Liberty Oilfield Services announces closing of $175 million term loan and $250 million revolving credit facility

Denver-based oilfield services company Liberty Oilfield Services announced Tuesday that the company closed a debt deal. The company entered two new debt facilities consisting …

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 …

Key Energy Services Building on Industry Activity Uptick

Key Energy Services Building on Industry Activity Uptick

Offering rig services, fluid management devices, fishing and coiled tubing services, Key Energy Services (ticker: KEG) offers the full range of services from the initial drilling and completion of a well through servicing and eventual abandonment. Key is positioned to …

ENSERVCO Looking for a CFO

ENSERVCO Looking for a CFO

Denver-based ENSERVCO Corporation (ticker: ENSV) has announced that its chief financial officer Bob Devers will leave on August 4, 2017, to pursue other opportunities.

ENSERVCO said it expects to name a new chief financial officer in the coming weeks, following …

June 9, 2017 - 3:21 pm Closing Bell Story‎, Oilfield Services, People
Halliburton Announces New CEO

Halliburton Announces New CEO

Dave Lesar passes CEO baton to Jeff Miller, remains executive chairman

After nearly 17 years at the helm of Halliburton (Ticker: HAL), Dave Lesar will be passing the title of CEO on to the company’s current president, Jeff Miller. The

More Sand:  Hi-Crush Doubling Permian Crews

More Sand: Hi-Crush Doubling Permian Crews

Hi-Crush accelerates plans to provide frac sand to the Permian

Hi-Crush Partners (ticker: HCLP) released its first quarter earnings Monday reporting improving financial results and an increased pace of development on Permian facilities. The company plans to increase the number …

Low Investment has Led to Unsustainable Production Management – Schlumberger

Low Investment has Led to Unsustainable Production Management – Schlumberger

 “The current situation is not sustainable” – Schlumberger CEO Paal Kibsgaard

Production has held up well over the downcycle, but headline numbers of absolute production volume are masking an underlying problem that could soon hit the oil and gas industry, …

Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy to build, own and operate disposal system in McKenzie County; looks to Permian for expansion

Colorado-based Buckhorn SWD Solutions, LLC, announced last week that the company has entered into a service agreement with XTO Energy (ticker: XTO) to …

WPX Energy: Keeping its Permian Basin Service Costs in Check – an Oil & Gas 360® Exclusive

WPX Energy: Keeping its Permian Basin Service Costs in Check – an Oil & Gas 360® Exclusive

Planning in the supply chain: industry expects service costs to rise 10%-15%, but WPX has a firm handle on costs in the Permian

Everyone knew it would happen eventually: service costs are going on the rise. Halliburton (ticker: HAL) talked

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 – at the Tower Club Downtown Dallas

On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will …

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 …

The Market May Not Absorb Idle Rig Fleet Until the End of 2018

The Market May Not Absorb Idle Rig Fleet Until the End of 2018

883 rigs sitting idle in the United States

Although the U.S. rig count rose in the week ended September 16, 2016, it remains 511 below where it sat at this time last year, according to information from Baker Hughes Industries

Haynes and Boone Releases Latest Edition of Bankruptcy Monitor

Haynes and Boone Releases Latest Edition of Bankruptcy Monitor

Bankruptcy has been a word that has made denizens of the oil patch cringe in the last year and half. As oil price has declined, bankruptcies have stacked up. Fortunately for those following oil and gas companies, the ladies and …

August 5, 2016 - 5:58 pm Closing Bell Story‎, Oil and Gas 360 Articles
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 …

Is the Halliburton+Baker Hughes Combination “Unfixable”?

Is the Halliburton+Baker Hughes Combination “Unfixable”?

DOJ sues Halliburton over antitrust concerns in Baker Hughes acquisition

The Department of Justice today announced that it will sue Halliburton (ticker: HAL) over its planned $34 billion takeover of its next largest oilfield service competitor, Baker Hughes (ticker: BHI), …

Fundamentals Unchanged – Oil Prices Won’t Stay at $40: Cherington

Fundamentals Unchanged – Oil Prices Won’t Stay at $40: Cherington

Intervale Capital’s Managing Partner Charles Cherington isn’t putting too much faith in the recent oil price rally. After five straight weeks of oil price gains, Cherington told CNBC’s Squawk Box on Monday, March 21 (when WTI was ~$40 per barrel) …

Core Laboratories Brings Technological Innovation to the Oil Field

Core Laboratories Brings Technological Innovation to the Oil Field

Core Laboratories (ticker: CLB) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Core Laboratories is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum …

China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPO

China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPO

No details available yet on timing or size of IPO

China National Petroleum Corp., the country’s largest oil and gas producer, is looking to spin off its oilfield service sector as part of the ongoing process to overhaul the world’s …

OilService: Is this the New Paradigm Coming out of the Downcycle?

OilService: Is this the New Paradigm Coming out of the Downcycle?

OilService Companies are Finding Ways to Make Business Work in this Price Environment

The people working in American industry can be pretty darned resilient and very creative when markets get rough. Oil and gas producers and oilservice companies are certainly …

Core Lab Continues to Outperform the Oilfield Service Sector

Core Lab Continues to Outperform the Oilfield Service Sector

Full year free cash flow represented 144% of net income in 2015

Core Laboratories (ticker: CLB, CoreLab.com) released its fourth quarter and full year 2015 results this week, proving that it is a company that can continue to outperform …

Core Laboratories Shakes off Difficult Oil & Gas Market in Q2’15 Results

Core Laboratories Shakes off Difficult Oil & Gas Market in Q2’15 Results

Second Half 2015 Projections: Revenue of $408 to $415 Million, Free Cash Flow of $110 Million

Core Laboratories (ticker: CLB) reported net income of $34.6 million, or $0.81 per share, on revenues of $204 million in its Q2’15 earnings release …

Free Falling Prices for Goods and Services in Oilfields

Free Falling Prices for Goods and Services in Oilfields

Extraction pricing feeling the most pressure

The decision by E&P companies to cut capital expenditures and increase efficiencies following the dramatic fall in oil prices put downward pressure on other sectors of the oil and gas industry.

The Bureau of …