Service & Supply

HEADLINES: Oil Prices’ Bumpy Ride

Meanwhile, natural gas prices made a spectacular climb plus OPEC considers production cuts, TransCanada reviews Keystone XL decision and Weatherford stock drops below $1.

Nov 15 2018 - 2:35pm

Forty Under 40: Bryan Gaudin, Holland Services

Bryan Gaudin, CEO of Holland Services who helped lead the Fort Worth, Texas-based land services firm’s aggressive and successful growth strategy, is today’s Forty Under 40 honoree.

Nov 15 2018 - 7:30am

Shares In Oilfield Services Firm Weatherford Drop Below $1

The stock, which peaked at almost $50 in 2008, has fallen sharply since oil prices crashed in late 2014, leading to a string of losses at Weatherford since the third quarter that year.

Nov 13 2018 - 4:20pm

Pioneer Sells Pressure Pumping Assets To ProPetro For $400 Million

The sale of the company’s pressure pumping business to ProPetro will bring Pioneer Natural Resources’ divestiture proceeds for the year to roughly $900 million.

Nov 13 2018 - 10:00am

GE Seeks To Raise $4 Billion With Sale Of Baker Hughes Stake

GE, which bought Baker Hughes in July 2017, has been selling off assets and cutting costs to lower its debt and focus on its core businesses of jet engines, power plants and renewable energy.

Nov 13 2018 - 8:45am

China Overtakes Japan As World's Top Natural Gas Importer

China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.

Nov 12 2018 - 10:06am

Park Energy Services Partners With Chesapeake Following Midcon Compression Acquisition

The partnership with Chesapeake Energy follows the acquisition by Park Energy Services of Midcon Compression, a division of Chesapeake, for an undisclosed amount.

Nov 2 2018 - 8:55am

Rice Brothers Look To Transform Industry Through Fracking Software Investment

Rice Investment Group recently closed on an investment in Cold Bore Technology, a fracking software company the brothers behind Rice Energy see electrifying the oil field.

Oct 29 2018 - 12:45pm

Weatherford Shares Sink On Cash Flow Miss, Bleak Fourth-Quarter Outlook

Shares of U.S. oilfield services provider Weatherford International fell sharply after the company's free cash flow and fourth-quarter guidance fell below analysts' expectations.

Oct 29 2018 - 10:20am

Quantum-backed Premium Oilfield Technologies Acquires Cutter Drilling Systems

Premium Oilfield Technologies said it completed the acquisition of Cutter Drilling Systems, which provides rotary control head diverter service in the heart of the Permian Basin in West Texas.

Oct 26 2018 - 2:40pm