At least for some, the high cost of capital needed upfront in order to pay for these frac fleet is not worth the price. It’s…
Tag: Electric frac fleets
U.S. Well Services Finalizes Third Electric Frac Fleet Contract with Apache Corporation
U.S. Well Services Inc. (NASDAQ: USWS) today announced that it has signed an electric frac fleet contract with Apache Corporation. Under the terms of the…
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