Schlumberger cuts spending by 30%
The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.
Browse the latest hydraulic fracturing news and articles.
The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.
The contract will see BJ Services' TITAN fracturing fleet deployed in the Haynesville shale.
The company has acquired over 320 000 gross acres and 4200 producing wells from Devon Energy.
The company has reduced its 2020 CAPEX forecast by approximately 30%.
Ministers took the decision, which was announced on 2 November, on the basis of a report by the Oil and Gas Authority (OGA), which found that it is not currently possible to accurately predict the probability or magnitude of earthquakes linked to fracking operations.
Achieving the 10 000 stages milestone fulfills the Equinor vision for Reveal Energy Services, an Equinor spin-out in 2016, to commercialise and further develop IMAGE Frac™ pressure-based fracture maps.
Operations were suspended following recent seismic activity near the site in Lancashire, UK.
Maria Cortez, Wood Mackenzie, has said that Ecopetrol's decision to form the joint venture is part of an aggressive diversification strategy that the company has pursued in recent months.
Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.
The technology aims to address parent/child well interference and other completion problems that are contributing to shale well underperformance.
In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.
Aria Rose Oilfield Solutions provides in situ and 'on-the-fly' water treatment services for in-ground and above-ground water storage and treatment facilities.