Discover the 5 Reasons You’ll Love the New Enverus Oilfield Services Directory
Discover how the Enverus OFS Directory can elevate your oilfield services business. Learn the top 5 benefits of joining, from real-time bid tracking to direct communication with operators, helping you gain visibility and win new contracts.
How to Increase Bid Opportunities in the Oil & Gas Industry With the OFS Directory
In today’s oil and gas industry, standing out and securing visibility with operators has become increasingly challenging. As traditional marketing channels lose their effectiveness, oilfield service providers are left looking for powerful ways to showcase their strengths and seize valuable business opportunities. I understand the struggle well. As a marketing professional, I’m constantly on the […]
The Critical Role of Data and Supply Chain in Oil and Gas Operations
Make strategic supply chain decisions faster with data in a single source-to-pay platform In the world of oil and gas, the importance of data and efficient supply chain management cannot be overstated. These elements are the backbone of successful operations, driving everything from exploration and production to construction and sales. Accurate and timely data enables […]
Accelerating Market Insights With Energy Focused AI
Discover the exclusive benefits of Instant Analyst, the generative AI transforming energy market insights. Built on a decade of pioneering research, it offers precise and trustworthy analysis tailored for energy professionals.
U.S. day rates flat but surveyed drillers downplay prospects
The U.S. composite day rate slipped just $2 lower in July to $22,921, according to the Enverus Day Rate Survey. While the miniscule decline was a dramatic change from June’s $308 plummet, an immediate recovery seems unlikely, as drillers surveyed in July were much more likely than June respondents to see stagnating rig demand. Roughly […]
As frac upgrades swoop in, some see potential pricing pressure
Pressure pumping companies are expanding their dual-fuel and electric frac fleets, reporting continued high demand for this next-generation equipment. While lead fracking contractors have tried to keep horsepower steady by deactivating fleets powered by Tier 2 diesel engines, RPC Inc., the owner of Cudd Pressure Pumping, noted in its July 25 earnings call that the […]
H&P goes global, agreeing to buy KCA Deutag for nearly $2B
Helmerich & Payne Inc. reached a definitive agreement to acquire Aberdeen-based KCA Deutag International Ltd. for $1.9725 billion cash, dramatically accelerating its international expansion.
Navigating the Depths: Unlocking Canadian Wells With Stage-by-Stage Insights
In the pursuit of capital efficiency, operators strive to continually improve drilling and completion performance, especially in the challenging landscapes of Canada’s unconventional plays.
SLB taking home the prize in $8.2B ChampionX acquisition
In the biggest oilfield services transaction since 2016, SLB agreed to acquire ChampionX Corp. for $7.76 billion in stock, bringing an industry leader in production chemicals into the OFS giant’s fold. ChampionX’s $420 million in net debt brings the transaction to an $8.18 billion enterprise value.
Who really means it when they permit a well in the Permian?
Permitting information for oil and gas wells is one of the most readily available and least lagged pieces of data on industry activity, but it is often seen as a poor indicator of future drilling activity.