Post Tagged with: "Pressure Pumping"

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 …

Source: Quintana Energy Services

Quintana Energy Services Names New CEO

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.

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

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

ProPetro Announces Expansion of Revolving Credit Facility

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

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

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

Does Increase in Oil Service Activity Indicate an Uptick?

Does Increase in Oil Service Activity Indicate an Uptick?

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, …

RPC Boosts Year-Over-year Revenue by 18% as OFS Gains Momentum

RPC Boosts Year-Over-year Revenue by 18% as OFS Gains Momentum

RPC, Inc. (ticker: RES) provides specialized oilfield services and equipment to independent and major oilfield companies.  The Company’s services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and …

April 24, 2014 - 2:34 pm Finance, Oil and Gas 360 Articles
Barclays Capital Report: Looking Beyond the Rig Count

Barclays Capital Report: Looking Beyond the Rig Count

On July 2, 2013, Barclays published a report titled, “A Pressure Pumping Recovery: The Biggest Surprise for 2013?” emphasizing the firm’s optimistic outlook on the improvement of the pressure pumping market despite the slower than expected growth in rig count.…

July 3, 2013 - 3:22 pm Finance, Oil and Gas 360 Articles