SPM® QEM 3000 Frac Pump continues to yield unsurpassed results

one of the world’s largest suppliers of pressure pumping equipment to the upstream market, today announced its SPM® QEM 3000 Frac Pump continues to yield unsurpassed results and savings in the field as it looks and performs like new after 3,200 hours of field-proven use in extreme conditions in the winter months in the Duvernay and Montney Shale Play in Alberta Canada.

Pemex adds 1B barrels of oil reserves in biggest onshore find in 25 years

Pemex triples estimate of Veracruz oil field’s reserves.

Pemex’s preliminary development plan includes drilling more than 40 development wells at a cost of more than $1.5 billion, Carlos Trevino, Pemex general director, said at an event Tuesday announcing Ixachi’s progress.

“The expected value of the total production of Ixachi is worth $40 billion,” Trevino said. “Based on these numbers, you can see how profitable this project will be.”