Similar to rigs, the frac market currently enjoys favorable utilization and pricing dynamics, but the hypercompetition is unlikely to dissipate in the long run. In August 2023, Patterson acquired ...

Halliburton Company has just unveiled its Octiv Auto Frac service, an innovation aimed at revolutionizing the frac process. It is the latest addition to the Octiv Intelligent Fracturing Platform and ...

PUMP is up close to 50% since the recent lows and is now flat YTD. Rig and frac spread counts haven't bottomed yet, but the sentiment is this will happen in Q3. Onshore services stocks may already be ...

Comstock Resources Inc. released one frac crew and two of its seven operating drilling rigs in its legacy Haynesville area in response to weak natural gas prices, the company said mid-February. Two of ...

A pumpjack and a Yellowjacket Oilfield Services fracking rig sit next to Highway 191 in Midland County. (Odessa American File Photo) Except for the oil and natural gas themselves, one of the ...

Simultaneous fracking (fracking at least four wells with one frac spread), for example, increased significantly in the last two years due to the substantial efficiency gains it provides. Current ...

HOUSTON, May 16 (Reuters) - Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third ...

The total number of active oil and gas drilling rigs in the US decreased by four to 576. US crude oil production fell to 13.477 million bpd, down from 13.481 million bpd the previous week. The Primary ...