Hydraulic Fracturing
News
December 23, 2019
The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.
News
December 20, 2019
The study comes as presidential candidates and activist groups have called for a ban on hydraulic fracturing. Several major candidates have promised to pursue such a ban if elected, and the results would deliver a staggering blow to the economy.
News
December 03, 2019
Last month, the UK fracing industry suffered a fatal blow as the Conservative government ended its support for the practice over concern that it causes earthquakes. The move, ahead of a general election set for Dec. 12, effectively bans fracing.
News
December 03, 2019
Permian basin frac crews, who are brought in to complete the final stage for creating a new oil well, have dropped 21% so far this year. For all of 2018, frac crews in the West Texas and New Mexico oil fields expanded by 1.3%.
News
November 11, 2019
Carbo Ceramics Inc. plunged 47% after warning investors it may fail as a going concern in part because its largest frac-sand customer halted purchases.
News
November 11, 2019
Halliburton released its PixStar High-Resolution Ultrasonic Imaging Service, a new logging-while-drilling technology that provides real-time images of the borehole to help operators identify fractures, improve wellbore stability and optimize completion design.
News
November 05, 2019
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood of U.S. shale supplies.
News
November 05, 2019
Oxy pledged to slash spending by 40% next year after quarterly profit fell short of forecasts due in part to the oil explorer’s $37 billion takeover of Anadarko.
News
November 03, 2019
Exxon Mobil and Chevron executives spoke out publicly against the proposals for the first time on Friday, saying they would shift profits from production from the U.S. to other countries, increasing prices for consumers while doing nothing to reduce oil demand or greenhouse-gas emissions.
News
November 03, 2019
The move, just weeks ahead of a general election, effectively bans new wells using hydraulic fracturing technology.
News
October 30, 2019
Independent shale producer Concho Resources Inc. said it’s tapping federal acreage for drilling now in case the U.S. elects a president who favors a fracing ban.
News
October 30, 2019
In previous market slumps, fracers parked unused equipment to await a revival in demand, but this time it’s different: Gear is being stripped down for parts or sold for scrap.
News
October 29, 2019
Reveal Energy Services announced the company has validated more than 10,000 hydraulic fracturing stages in the US and Canada with its simple, accurate, affordable pressure-based technology.
News
October 24, 2019
C&J Energy Services and Keane Group announced that the shareholders of both companies approved all of the proposals necessary for the closing of the previously announced all-stock merger of equals between Keane and C&J.
News
October 23, 2019
The U.S. shale slowdown is weighing on Caterpillar Inc., which is selling fewer of the pumping units used in fracing.
News
September 09, 2019
Investors backing closely-held Cuadrilla Resources, which pioneered UK shale gas drilling before becoming mired in red tape, are exploring options including an outright sale of the company.
News
August 16, 2019
A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves.
News
March 07, 2018
Two top oil company executives are taking contrasting views on how fracing is changing the industry’s life cycle.
News
March 07, 2018
The Oilfield Technology Group (OTG) of Hexion Inc. today announced the completion of its resin-coated proppant manufacturing plant expansion in Canada.
News
March 05, 2018
As the intensity of completing unconventional wells continues to grow, so too do the demands on fracturing equipment. Longer laterals, rising stage counts, and increased pressures and proppant loadings per stage make hydraulic fracturing an extremely difficult—and consumptive—enterprise, particularly in the challenging wells seen in regions like the Permian basin.
