Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.
Trump focuses on job growth and energy security with executive action.
The technique involves testing DNA extracts from microbes found in rock samples and comparing them to DNA extracted from oil. Similarities or differences can pinpoint areas with the biggest potential.
The investment was made through a newly created venture fund, which has the ultimate goal of securing more activity for Schlumberger, CEO Paal Kibsgaard said in a statement.
Even with land prices shooting straight up, the Permian Basin still can make economic sense, says an RS Energy Group analyst.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
The units will trade on the New York Stock Exchange under the ticker symbol "HESM."
Newfield Exploration said March 27 it's off to a "roaring start in 2017" with a record oil well in Oklahoma's Stack Play in the Anadarko Basin.
The offer consists of operated interest in 47 active wells producing from the Navarro Formation in the Charlotte Waterflood Field in Atascosa County, Texas.
If the Bakken were a separate country, it would rank 19th in world production, said Jack Stark, Continental COO and president.