Acquisitions & Divestitures - Service & Supply

Hi-Crush Adds Permian Mine Amid Skittish Sand Market

Hi-Crush adds an above-ground Permian sand operation within 75 miles of 2,700 permitted horizontal drilling sites.


Scott Pruitt: EPA To Start 'Aggressive' Cuts To Regulations Soon

Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.


US Drillers Add Oil Rigs For Sixth Straight Week

Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.


Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.


Forum Energy Technologies Names CEO

Prady Iyyanki has been appointed CEO and president of Houston-based Forum Energy Technologies (NYSE: FET) as part of a long-planned transition, according to a news release. Iyyanki, who currently serves as president and COO of the global oilfield products company, will succeed C. Christopher Gaut, effective May 16.


US Senate Confirms Scott Pruitt As EPA Head

Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.


Frank's International CFO Jeffrey Bird To Leave Company

The Houston-based company commented that Bird's departure was not related to any disagreement with Frank's or any matters relating to its operations, policies or practices.


Oilfield Service Companies Performance, Slingshot Combine

Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.


Oceaneering Says Rod Larson To Succeed Kevin McEvoy As CEO

The planned succession will be effective after Oceaneering's annual shareholder meeting on May 5, the company said.


US Oil Rig Count Rises To 591

Since crude prices first topped $50 a barrel in May after recovering from 13-year lows last February, drillers have added a total of 275 oil rigs in 33 of the past 37 weeks, the biggest recovery in rigs since a global oil glut crushed the market over two years starting in mid-2014.


Premier Buys ConocoPhillips Subsurface Lab Assets

Premier said the acquired assets will supplement its existing operations in Houston, Aberdeen and Cairo and offer solutions to optimize production from both conventional and unconventional reservoirs.


Offshore Drillers See Gains, But Recovery Afar

The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.