Acquisitions & Divestitures - Service & Supply

Twin Eagle To Expand Permian Rail Frack Sand Facility

Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.


Pressure Cooker: Keane Group’s $285 Million Deal Adds Permian, Bakken Horsepower

Amid industry consolidation, Colorado’s RockPile Energy Services will augment Keane’s services primarily in the Permian Basin and the Bakken.


Halliburton’s Incoming CEO Sees Significant Price Hike

Halliburton executives have been in talks with customers for months about raising rates for its services.


Houston-Based Solaris Oilfield Infrastructure Prices IPO

Solaris Oilfield Infrastructure, a manufacturer of proppant management systems deployed in U.S. shale plays, said it expects up to about $127.9 million of net proceeds from the IPO.


EIA: Higher US Crude Output Should Pressure Oil Prices

Higher crude output from the U.S. should pressure global oil prices through the end of 2018, the U.S. Energy Information Administration (EIA) said May 9, ahead of OPEC's meeting later this month.


Rubicon Acquires Emerging Oilfield Tech Company

Rubicon said it expects the acquisition of Choice Completions will strengthen its well construction portfolio and completions solutions business segment.


Flotek Divests Drilling Tech Segment To NOV

Flotek's drilling tech division has been a foundation for the company for more than a decade, said CEO John Chisholm, adding that the decision for the divestiture is in-line with ongoing initiatives.


Oilfield Automation: How E&Ps Stay Profitable At Stagnant Oil Prices

Whether ‘lower for longer,’ ‘lower forever’ or the ‘new normal,’ oil prices in the $50 range require E&Ps to rethink how to do business.


Baker Hughes Revenue Falls On Lower Offshore Spending

Quarterly revenue fell to $2.26 billion in the first quarter ended March 31 from $2.67 billion. Analysts’ on average had expected revenue of $2.27 billion, according to Thomson Reuters I/B/E/S.


Trump To Sign New Executive Orders On Environment, Energy

Trump this week will sign new executive orders, including two on energy and the environment, which would make it easier for the U.S. to develop energy on and offshore, a White House official said April 23.


Halliburton Reports Smaller Quarterly Loss

Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier.


SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.