Oil Companies continue to look for ways to minimize the impact of their drilling and completion operations. Some of the areas of concern during completions…
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Liberty Oilfield Slowdown in Colorado?
They’ve had a large number of frac pumps parked at the Henderson Yard , 3-4 fleets worth, for a whole month. That could drop the pump hours…
Is Electric Fracking Feasible In 2018 or in 2019?
The next decade will be an exciting one for the energy industry, especially that of the frac industry and for those who worry about climate change and the environmental impact of our energy use.
Liberty frac‘s Chris Wright was asked about running a 100% Electric Fracking Fleet in 2018?
we have looked electric frac fleet really since we started the company. And we watch that technology and it’s intriguing. To-date that for us the trade-offs haven’t arrived yet. The downside is that they cost a lot more between 50% and 100% more to put together a fully electric frac fleet.
And it looks like endless the price drops, there will be no 100% Electric Fracking Fleet in the near term for Liberty frac. But that hasn’t stopped Evolution Well Services, They have a 100% Electric Fracking Fleet already working. Just as US Well Services.
The Clean Fleet with Whisper is the first fully electric, fully mobile electric-powered hydraulic fracturing fleet.
Liberty Oilfield Services – Second Quarter Of 2018 Results.
Liberty’s operations in the Permian continued to grow and thrive. Local sand volumes in the pipeline for several quarters now began to materialize in meaningful quantities during the second quarter and we see that trend continuing in the third quarter, driving down well costs for our customers. With significant new industry pumping capacity added to the Permian Basin during 2017 and 2018. While takeaway limitations have created temporary production challenges, we are pleased that the developing imbalances for frac services in the Permian have not yet impacted Liberty fleets. Read more
Calfrac revenue doubles as oil price rebound
On Tuesday, Calgary-based Calfrac Well Services Ltd. reported it more than doubled its first-quarter revenue compared with the same period last year and is reactivating equipment it parked over the past three years.
Meanwhile, both Calfrac and its crosstown rival, Trican Well Service Ltd., have been rehiring. Read more
Halliburton Drill Bit Optimizes Cutter “Stega”
Halliburton Drill Bit Optimizer Cutter Layout for Increased Durability and Drilling Speed. Halliburton today announced the release of Stega™ efficient layout design, an advanced drill…
Chris Wright, Liberty Oilfield Services Talks Frac
Liberty Oilfield Services shares soar on new fracking IPO from CNBC. Tech nerds that do fracking Oil producers are unlikely to significantly expand drilling budgets…
Denver’s Liberty Oilfield Services IPO rolls out strong
Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “LBRT” on January 12, 2018. In addition, Liberty and the selling shareholder granted the underwriters a 30-day option to purchase up to an additional 1,909,663 shares of Liberty’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on January 17, 2018, subject to customary closing conditions. Read more
Refracturing Extends Lives Of Unconventional Reservoirs
Refracturing often is considered the best option for combatting production declines in unconventional reservoirs. Decline rates from SRR wells usually are more rapid than wells in conventional reservoirs because of their ultralow permeability, limited reservoir contact, and the original completion strategy.
The success or failure of refracturing can have implications for field development.
The desire to reinvigorate wells by performing secondary or tertiary hydraulic fracture stimulation treatments has been present for many years. The need for improving production above the economic break-even point and tapping additional portions of the reservoir are lofty goals that have proven difficult,
if not impossible, to achieve in conventional reservoirs. Read more
“Liberty Oilfield Services” has launched an initial public offering
Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today that it has launched an initial public offering (IPO)of 10,714,286 shares of its Class A common stock at an anticipated initial offering price between $14.00 and $16.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Liberty and the selling shareholder intend to grant the underwriters a 30-day option to purchase up to an additional 1,607,143 shares of Liberty’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “LBRT,” subject to official notice of issuance. Read more
Halliburton Launches New High-Speed Telemetry Service
Sperry Drilling, a Halliburton (NYSE: HAL) business, today announced the release of JetPulse™ high-speed telemetry service, which provides consistent, high-data rate transmission of drilling and formation evaluation measurements. This new telemetry system helps operators make faster decisions to optimize well placement and improve well control while increasing drilling efficiency. Read more
Liberty Oilfield Services
Headquartered in Denver, Colorado, Liberty Oilfield Services is a premier hydraulic fracturing services company in Colorado & North Dakota and Texas. Highly experienced individuals, combined with the Liberty Quiet Fleet proprietary technology and robust inventory of state-of-the-art equipment, optimize production results at reduced costs for the valued clients. From the Permian Basin to the DJ Basin, Williston Basin and Powder River Basin, Liberty Oilfield Services provide customer-focused service in a flexible, safe and consistent manner.
Year-after-year, Liberty Oilfield Services consistently delivers one of the lowest turnover rates in the industry. Read more
CEO of Halliburton Co. says he can pull some levers to improve profits.
In the third quarter of 2017, the American oilfield service company Halliburton received a net profit attributable to the company at $ 365 million, which…
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