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Top Fracking Stories

Electric Fracturing ‘Catching On’

Low-carbon hydraulic fracturing is gaining traction across the US. Typically, the process of fracturing shale rock formations under high pressure by blasting water, sand and chemicals deep underground is an inherently dirty business. Once a typical shale well is drilled, a frack fleet descends on the site, hooking up a series of giant diesel pumps that can run uninterrupted overnight. At any one time, there can be upwards of 220 such fleets working across the US. In response to the attention of environmentalists and investors scrutinizing its ESG—or environmental, social and governance—credentials, the industry is increasingly touting electric or low-diesel machines that are replacing conventional diesel fleets. The number of US frack fleets running on electricity or a mixture of diesel and natural gas skyrocketed to more than 100 in September—comprising about 45 percent of the country’s working fleets... > read more

SBM Offshore Loan for FPSO Almirante Tamandaré

SBM Offshore has secured a $635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré. Currently, SBM Offshore is the sole owner of this special purpose company. Discussions around the divestment of 45 percent of the equity ownership to partners continue to progress. The facility will be fully drawn in the coming days to finance the ongoing construction of the FPSO Almirante Tamandaré... > read more

ConocoPhillips-Backed Solaris Prepares IPO

ConocoPhillips-backed Solaris Midstream Holdings, the water pipeline company serving the US oil and gas fracking industry, is preparing for an initial public offering (IPO) that it hopes will attract sustainability-focused investors. Solaris is said to have filed confidentially for an initial public offering (IPO) in New York that could value it at more than $1 billion, plus debt, sources said. The listing could come before the end of the year and will seek to attract investors guided by environmental, social and corporate governance (ESG) principles, they added. If successful, Solaris would be the first US pipeline company to debut on the stock market since Rattler Midstream in 2019. Many investors have snubbed the sector because of years of poor returns, especially versus other industries such as technology. Solaris says it can make fracking environmentally friendly by treating and recycling used water. It said 60... > read more

ConocoPhillips Executes SmartFleet

Halliburton has successful executed its SmartFleet intelligent fracturing system with a major operator in the Permian Basin. “We view the SmartFleet system as a tool that provides valuable insights into subsurface fracture placement,” said Aaron Hunter, vice-president of the Midland Basin for ConocoPhillips. “These insights lead to informed decisions that improve fracture performance.” SmartFleet technology integrates intelligent automation and visualization with subsurface measurements across multiple wells simultaneously to dynamically respond to reservoir behavior. By using the SmartFleet system, operators can achieve real-time control of fracture placement and improve overall completion execution... > read more

Chesapeake Buys Vine

Chesapeake Energy Corporation is to acquire rival Vine Energy, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana. The acquisition is a zero premium transaction valued at approximately $2.2bn, based on a 30-day average exchange ratio as of Tuesday’s close, equating to $15.00 per share. Headquartered in Oklahoma City, Chesapeake’s operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the US. Vine Energy, based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The company is listed on the New York Stock Exchange. Eric Marsh, Vine’s CEO said... > read more
Top Three Featured Fracking Articles
US Shale Producers Remain Disciplined

US Shale Producers Remain Disciplined

Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting...
> read more
SM Reports On Sustainability

SM Reports On Sustainability

SM Energy Company has published its updated 2020 Sustainability Accounting Standards Board (SASB) report for oil and gas...
> read more
FTS Back To Cash

FTS Back To Cash

The Fort Worth-based hydraulic fracturing company FTS International has reported a 77% sequential increase in adjusted pretax...
> read more
Fracking News
Electric Fracturing ‘Catching On’

Electric Fracturing ‘Catching On’

Low-carbon hydraulic fracturing is gaining traction across the US. Typically, the process of fracturing shale rock formations ... > read more
SBM Offshore Loan for FPSO Almirante Tamandaré

SBM Offshore Loan for FPSO Almirante Tamandaré

SBM Offshore has secured a $635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The ... > read more
US Shale Producers Remain Disciplined

US Shale Producers Remain Disciplined

Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting ... > read more
ConocoPhillips-Backed Solaris Prepares IPO

ConocoPhillips-Backed Solaris Prepares IPO

ConocoPhillips-backed Solaris Midstream Holdings, the water pipeline company serving the US oil and gas fracking industry, ... > read more
Surge Energy Highlights Green Performance

Surge Energy Highlights Green Performance

Surge Energy US Holdings Company has announced a top quartile water conservation performance in the Permian Basin. Surge ... > read more
ConocoPhillips Executes SmartFleet

ConocoPhillips Executes SmartFleet

Halliburton has successful executed its SmartFleet intelligent fracturing system with a major operator in the Permian Basin. “We ... > read more
Fracking News
SM Reports On Sustainability

SM Reports On Sustainability

SM Energy Company has published its updated 2020 Sustainability Accounting Standards Board (SASB) report for oil and gas ... > read more
US Well Services Transitions In Q2

US Well Services Transitions In Q2

US Well Services, the Houston-based provider of hydraulic fracturing services and a market leader in electric fracture stimulation, ... > read more
Midland Basin Accounts For 15%

Midland Basin Accounts For 15%

Production increases from the Permian Basin (particularly the Midland Basin) contributed to record US crude oil and natural ... > read more
Chesapeake Buys Vine

Chesapeake Buys Vine

Chesapeake Energy Corporation is to acquire rival Vine Energy, an energy company focused on the development of natural gas ... > read more
FTS Back To Cash

FTS Back To Cash

The Fort Worth-based hydraulic fracturing company FTS International has reported a 77% sequential increase in adjusted pretax ... > read more
NexTier Acquires Alamo

NexTier Acquires Alamo

NexTier Oilfield Solutions is to purchase Alamo Pressure Pumping for $268m to accelerate its next generation tech strategy. ... > read more
Fracking News
Chesapeake Deploys Electric Fracturing On Marc

Chesapeake Deploys Electric Fracturing On Marc

Halliburton and VoltaGrid have successfully deployed the first advanced electric fracturing solution, the first pad in a ... > read more
NexTier Launches Fueling Services In Permian B

NexTier Launches Fueling Services In Permian B

NexTier Oilfield Solutions has launched its Power Solutions division, a business dedicated to providing comprehensive fueling ... > read more
GEP Partners With Project Canary

GEP Partners With Project Canary

Project Canary, the leading certifier of responsibly sourced gas (RSG), has formed a pilot partnership with GEP Haynesville ... > read more
USWS Deploys Electric Fleet For Midland

USWS Deploys Electric Fleet For Midland

US Well Services will be deploying an all-electric Clean Fleet to work for Pioneer Natural Resources Company. The electric ... > read more
Kraken II Raises $400m Investment

Kraken II Raises $400m Investment

Kraken Resources II has received an equity commitment more than $400m from funds managed by Kayne Anderson Capital Advisors, ... > read more
Board Shuffle At Centennial

Board Shuffle At Centennial

Centennial Resource Development, the independent oil and natural gas company focused on the Permian Basin, has appointed ... > read more
Fracking News
NGL Completes New Mexico Wastewater Project

NGL Completes New Mexico Wastewater Project

NGL Energy Partners has successfully completed the first of two large scale Delaware Basin wastewater recycling projects ... > read more
Whiting Inks Basin Deals

Whiting Inks Basin Deals

Whiting Petroleum is to buy oil and gas assets in the Williston Basin of North Dakota and divest of all its oil and gas assets ... > read more
Halliburton Posts Encouraging Q2 Results

Halliburton Posts Encouraging Q2 Results

Halliburton has posted a 2021 second quarter net income of $227m, with total revenues recorded at $3.7bn compared to $3.5bn ... > read more
SWN Hires CFO

SWN Hires CFO

Southwestern Energy has appointed Carl Giesler Jr. as chief financial officer effective 19 July 2021. Michael Hancock, who ... > read more
Chesapeake Certification Collaboration

Chesapeake Certification Collaboration

Chesapeake Energy has entered a collaboration with MiQ and Equitable Origin to begin independent certification of its natural ... > read more
Penn Buys Lonestar

Penn Buys Lonestar

Eagle Ford driller Penn Virginia has added acreage in its chosen geography with a $370m acquisition of Fort Worth-based Lonestar, ... > read more