Fracking

AXP Energy reports early production update

AXP Energy Limited has provided an operational update on its Charlie #1 well in Noble County, Oklahoma, following approximately 30 days of initial production. Early results show intermittent oil production of up to 25 barrels per day and steady gas output of around 60 thousand cubic feet per day, totaling approximately 35 barrels of oil equivalent per day. The well has been produced at a conservative trial rate of 250 barrels of fluid per day to manage saltwater handling and assess reservoir behavior, as Charlie #1 is the first producing well on the lease and currently relies on off-site saltwater disposal. Fluid levels have remained stable, indicating the well can support higher production rates, and a formal 30-day initial production rate has not yet been reported... > read more

Archer secures drilling contract

Archer Limited has announced the signing of a new five-year contract with YPF for the provision of drilling services in Vaca Muerta, Argentina. Valued at an estimated 600 million dollars, the agreement covers the provision and operation of seven advanced drilling rigs and represents a further strengthening of the long-standing collaboration between the two companies to deliver safe, efficient and technologically advanced drilling operations in the region. Under the terms of the contract, Archer will provide and operate seven drilling rigs equipped with integrated Managed Pressure Drilling systems. Two of the rigs will be leased internationally, adding additional drilling capacity to Argentina’s onshore sector. In addition to the firm five-year term, the agreement includes an option to extend for a further two years... > read more

Atlas Energy Solutions announces acquisition

Atlas Energy Solutions Inc. has completed the acquisition of PropFlow, LLC, a leading provider of patented on-wellsite proppant filtration technology. The transaction, which closed on July 28, 2025, strengthens Atlas' proppant handling capabilities as part of the company's comprehensive mine-to-blender proppant logistics strategy. PropFlow specializes in cutting-edge on-wellsite proppant filtration systems that eliminate proppant debris at the wellsite, reducing maintenance costs and downtime for fracturing equipment while supporting continuous 24/7 pumping operations. The technology addresses operational challenges that can impact completion efficiency and equipment reliability during hydraulic fracturing operations... > read more

Baker Hughes launches GuardVibe

Energy technology company Baker Hughes announced Thursday the commercial launch of its GuardVibe™ torsional vibration dampener, introducing an innovative solution designed to address the persistent challenge of high-frequency torsional drill string vibrations in oil and gas drilling operations. The new technology promises to extend bottom hole assembly (BHA) service life while reducing capital costs and minimizing unplanned downtime for operators. The GuardVibe system distinguishes itself from conventional vibration mitigation technologies through its unique approach to torsional vibration management. Rather than focusing on traditional bit-induced stick-slip management methods, the technology employs internal inertia mass to actively counteract torsional vibrations. This field-proven design eliminates the mechanical and electrical failure mechanisms that have historically plagued existing solutions, addressing long-standing reliability concerns in the drilling industry... > read more

ConocoPhillips boosts processing efficiency

ConocoPhillips has significantly enhanced its Zia Hills asset in New Mexico with the launch of Zia Hills Central Facility 2 (CF2), a state-of-the-art processing facility that optimizes operational costs, expands capacity, reduces surface footprint, and curbs emissions. CF2, operational since January 2024, integrates with the existing CF1 facility within the 13,000-acre Delaware Basin East unit. The new facility processes up to 30,000 barrels of oil per day and 75,000 barrels of water per day, compared to CF1's capacity of 18,000 barrels of oil and 30,000 barrels of water daily. Both facilities can process 120 million standard cubic feet of natural gas per day.... > read more

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Schlumberger and RTI NAS Tech Scale Up

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Fracking News

AXP Energy reports early production update

AXP Energy Limited has provided an operational update on its Charlie #1 well in Noble County, Oklahoma, following approximately ... > read more

Archer secures drilling contract

Archer Limited has announced the signing of a new five-year contract with YPF for the provision of drilling services in Vaca ... > read more

Atlas Energy Solutions announces acquisition

Atlas Energy Solutions Inc. has completed the acquisition of PropFlow, LLC, a leading provider of patented on-wellsite proppant ... > read more

Baker Hughes launches GuardVibe

Energy technology company Baker Hughes announced Thursday the commercial launch of its GuardVibe™ torsional vibration dampener, ... > read more

ConocoPhillips boosts processing efficiency

ConocoPhillips has significantly enhanced its Zia Hills asset in New Mexico with the launch of Zia Hills Central Facility ... > read more

Baker Hughes and Cactus create joint venture

Baker Hughes, a global energy technology company, has announced an agreement to establish a new joint venture with a subsidiary ... > read more

Fracking News

ConocoPhillips first-quarter 2025 earnings

ConocoPhillips has reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared to $2.6 billion, or ... > read more

Department of the Interior announces

Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management to proceed with the next scheduled ... > read more

Marathon Oil reports

Marathon Oil Corporation has reported net income of $287 million for the third quarter of 2024, equating to $0.51 per diluted ... > read more

Nabors Industries announces agreement

Nabors Industries Ltd. and Parker Wellbore have announced a definitive agreement in which Nabors will acquire all of Parker’s ... > read more

Marathon Oil receives stockholder approval

Marathon Oil Corporation has announced that it has secured the necessary stockholder approval for its impending merger with ... > read more

Wellsite Innovation investment in 2024

As leading wellsite organizations aim to foster more efficient, productive, and sustainable upstream operations, investment ... > read more

Fracking News

Helmerich & Payne acquires

Helmerich & Payne, Inc. and KCA Deutag International Limited have announced a definitive agreement under which H&P will acquire ... > read more

Upstream Oil & Gas Experts unite

Tank Storage News America are proud to be partnering with the Wellsite Innovation Summit on 17 September 2024 in Houston, ... > read more

NexGen announces additional mineralization

NexGen Energy Ltd. has announced that drilling at Patterson Corridor East has intersected mineralization in drill hole RK-24-193 ... > read more

Fervo Energy doubling down on geothermal

Fervo Energy, a Houston-based startup, is on a mission to significantly increase the share of geothermal energy in the United ... > read more

ExxonMobil leads

Recent consolidation activity in the energy sector has led to the emergence of larger companies with increased ownership ... > read more

Weyerhaeuser and Lapis Energy announce

Weyerhaeuser Company and Lapis Energy LP have recently announced the signing of an exclusive exploration agreement for subsurface ... > read more

Fracking News

Fervo Energy drilling results show

Exciting advancements in the geothermal industry have been unveiled at the Stanford Geothermal Workshop, where Fervo Energy ... > read more

Diamondback Energy and Endeavor Energy merge

In a major development, Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. have announced their merger in a definitive ... > read more

Archer awarded contracts worth USD 125 million

Archer, a global provider of drilling services, is pleased to announce that its subsidiary in Argentina has been awarded ... > read more

Eavor announces

Eavor Technologies Inc.,a pioneer in the field of advanced geothermal energy solutions have announced the successful completion ... > read more

ExxonMobil announces merger

Exxon Mobil Corporation and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire ... > read more

National Drilling Company signs contract

As part of the agreement, Schlumberger will provide support to the National Drilling Company in drilling three wells for ... > read more