Pumpers Retire or Write Down Diesel Fleets Amid E-Frac Demand
In a market with tight demand, frackers are deciding the diminished returns they can command for Tier II diesel-only equipment are not worth the maintenance.
2024 upstream M&A on track to top last year’s 19 $1B+ deals
Q2 saw $30.2 billion of U.S. upstream deal activity, according to Enverus M&A Analytics, led by a $22.5 billion public company combination that continued a remarkable wave of E&P consolidation and highlighting the trend’s expansion beyond the Permian core.