Tag: frac pumps

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