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March 2017
23 March 2017
In addition to the acquisition of new frac sand facilities, the US-frac sand producer is on track with its 3m tpa expansion in the Permian Basin, due to come online later this year.
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21 March 2017
Consultancy firm Douglas Westwood has revised its forecast for onshore expenditure to 2021 as improvements in US shale activity are expected to drive investment in rigs and rig equipment.
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10 March 2017
The US frac silica sand producer reported a loss in the last quarter of 2016 despite higher revenues and volumes y-o-y. While Fairmount noted an uptick in prices in Q4 and in early 2017, the company added that proppant prices still stand at unsustainably low levels.
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08 March 2017
The rule was criticised by the oil and gas sector, which expressed concerns that planning and development of resources would become more time consuming. The repeal of the rule will now go to the US president for his signature.
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07 March 2017
The latest figures from Baker Hughes showed an increase in North American rig counts both on a monthly and yearly basis for February 2017. While international rig counts were still down on 2016 numbers, overall worldwide figures showed growth.
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07 March 2017
The second request is a "normal" part of the US Department of Justice review, Baker Hughes has said, and the transaction to absorb GE's oil and gas business is still on track for completion in mid-2017.