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…
Tag: hydraulic fracturing equipment
Weatherford Completes Schlumberger Deal for $430 Mln
Weatherford International PLC (NYSE: WFT) sold its U.S. hydraulic fracturing business to Schlumberger Ltd. (NYSE: SLB) for $430 million in cash. The deal replaces the…
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
Evolution Well Services
Eldon Schelske, President OF Evolution Well Services, says, ” A natural gas turbine generator provides the source of electrical power. This process allows us to power…