Houston-based C&J Energy Services (NYSE: CJ) and Keane Group Inc. (NYSE: FRAC) P, creating a diversified oil field services provider valued at approximately $1.8 billion,…
Keane Group
Keane Group Announces an 11M Offering by a Selling Shareholder
Keane Group, Inc.(“Keane”) (NYSE:FRAC) today announced that one of its stockholders, Keane Investor Holdings LLC (the “Selling Stockholder”), commenced an underwritten secondary offering of 11,000,000…
JP Morgan Chase is Betting on Frac Pump servicing companies
JP Morgan Chase says it expects U.S. shale production to continue rising if WTI prices hold steady above $60/bbl. But even as companies keep drilling,…
Keane Group, Inc. (FRAC) Insider Ownership of 72.35%
Headquartered in Houston, Texas, Keane is one of the largest pure-play providers of integrated well completion services in the US, with a focus on complex,…
Keane Group Adding More Hydraulic Fracturing Fleets
Keane Group, Inc. (“Keane” or the “Company”) Has Announced it has placed orders for approximately 150,000 newbuild hydraulic horsepower, (frac pumps) representing three additional hydraulic fracturing fleets, which will increase its position as a leading provider of completions services in the U.S.
“Supply and demand fundamentals for U.S. oil and gas well completions remain highly constructive for quality completions service providers,” said James Stewart, Chairman and Chief Executive Officer of Keane. “Favorable conditions have continued to improve throughout the year, and robust 2018 capital budgets announced by producers in recent weeks have amplified and validated the growing demand for our services, which remains in excess of supply. This visibility, coupled with additional pricing improvements, provide the firmness of demand and favorable economics we require to deploy newbuild capital and further our growth trajectory. Read more