Two analysts covering Liberty Oilfield Services (NYSE: LBRT), 1 had Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Liberty Oilfield Services has…
Tag: Fracking
What is hydraulic (FRACKING) fracturing?
The Photo shows a Standard Fracking operation. The frac spread Equipment is used for Formation fracturing, with fluids – mostly water and sand, with a small percentage of chemical additives. From the blender unit then to the Pressure Pumping units, water and sand is injected down the well bore into the formation. The fluid, pumped under pressure, thousands of pounds per square inch, causes the rock to fracture along weak areas.
Hydraulic fracturing creates small cracks, or (FRACKING) fractures, in deep, underground geological formations to liberate oil or natural gas. The fluids that create the initial fractures is then mixed with thicker fluids that include sand and gelatin. These more compressed fluids lengthen the openings in the rock. When the fractures are complete, and pressure is relieved, the fluids flow back up the well where they are captured and stored for later treatment or disposal.
As the fluids flow back up, frac sand remains in the fractures and props the rock open.
Exxon Mobil and Chevron Plan on Texas size Scale in the Permian Basin
Exxon Mobil and Chevron said they would boost their growth in the Permian basin substantially. Big oil is getting even bigger in shale, and that…
A flare alternative that also evaporates flowback and produced water.
Hydroflare is a the latest from HYDROZONIX. It is a flare alternative that also evaporates flowback and produced water (fracked wate0. Do you have remote wells…
FTS International, Inc. announced preliminary financial and operational results
FTS International, Inc. FTSI, +5.47% (the “Company” or “FTSI”) today announced preliminary financial and operational results for the fourth quarter of 2018. Preliminary Fourth Quarter…
The Frack sand Glut Means 19% Drop in Prices
West Texas sand used in the hydraulic fracturing process will drop 19 percent this year to about $30 a ton compared to 2018, according to…
Essentially an end for Fracking in the U.K – No plans to review gas fracking rules: British government
Chemical giant Ineos and fracking firm Cuadrilla earlier this week said current restrictions around seismic events at fracking sites could force the industry to close….
New Mexico signs one of the strongest climate executive orders in the nation.
New Mexico’s booming oil and gas industry could soon hit a speed bump if a proposed bill creating a four-year moratorium on any new state…
How Does a fracking Blender work? Operating a Frac Blender
Typical Operations on a frac blender. The Blender is designed to integrate a slurry of water, sand, dry chemicals, and liquid chemicals to provide the desired fracturing components…
Like we Said Before – Liberty Oilfield Services (LBRT) Misses Q4 Earnings and Revenue Estimates
Like we had predicted it here Liberty Oilfield Services Inc (LBRT) on Tuesday reported fourth-quarter profit of $19 million. The Denver-based company said it had profit…
What in Seismos is this? Hydraulic Fracturing Characterization
Seismos used its non-invasive equipment suite (KView™) to acquire and deliver real-time data that enabled the operator to make on-the-fly decisions, while having no impact…
Frac Sand Co. Says Schlumberger Unit Owes More Than $1M
Schlumberger Technology Corp. owes more than $1 million to a frac sand company for allegedly breaching an agreement to buy a certain amount of the…
U.S. Silica Holdings, Inc. (SLCA) and Liberty Oilfield Services Inc settled an intellectual property lawsuit
U.S. Silica Holdings, Inc. (SLCA) and Liberty Oilfield Services Inc. (LBRT) announced today that they have a settled an intellectual property lawsuit and related counterclaims…
Lonestar entered into an agreement for a dedicated frac spread for 2019
Lonestar also announced that it has entered into an agreement for a dedicated frac spread for 2019 with a leading energy service company. Bracken added,…
How do you prepare for a Crude Oil crash if you work in the Oil industry?
Feast or famine is what they like to say in the Oil industry. You’re either working 100hr work weeks or your the yard washing equipment…