Pressure Pumping

Liberty and Schlumberger close North American pressure pumping transaction

January 4, 2021

Oil and Gas 360 Publisher’s Note: Liberty Oilfield Services Inc. (NYSE: LBRT), will be a title sponsor of the virtual The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines, Chris Wright joins us as a Keynote speaker– Wednesday February 10th – 11th, 2021. January 04, 2021, Supercharging Technology and Scale DENVER & HOUSTON–(BUSINESS WIRE)– Liberty Oilfield Services Inc.

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

April 23, 2020

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 company said it expects to exit the current quarter with about 70 rigs in operation, down from an average of 123 rigs

Quintana Energy Services Names New CEO

August 8, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Christopher J. Baker named president and CEO of Quintana Energy Services Quintana Energy Services (stock ticker: QES), an onshore oilfield services company operating across the United States, has named Christopher J. Baker as its president and chief executive officer, effective immediately. Baker will replace former CEO Rogers Herndon, who has resigned

After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million

December 20, 2018

ProPetro Announces Expansion of Revolving Credit Facility

Pioneer Flips Permian Basin Pressure Pumping Operation to ProPetro for $110 Million Cash plus 17% Ownership

November 13, 2018

Deal to sell Pioneer Pumping Services’ HHP, coiled tubing units and maintenance operations includes a long-term service contract to provide pressure pumping in the Permian Basin for up to a decade Pioneer Natural Resources Company (stock ticker: PXD) said it is selling its pressure pumping assets–Pioneer Pumping Services–to Midland-based ProPetro Holding Corp. (stock ticker: PUMP), and in the process locking up dedicated

Does Increase in Oil Service Activity Indicate an Uptick?

June 28, 2016

Oil prices have been on the rise over the course of the last several months, and for the first time in a long time, rig count has been moving up instead of down. With the price reaching $50 a barrel, the expectation is that oil and gas producers will likely stand rigs back up and put frac crews back to