The company has more than US$585 million of cash on its balance sheet and will continue to operate its business in the normal course without material disruption to its vendors, partners or employees.
The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.
The contract will see BJ Services' TITAN fracturing fleet deployed in the Haynesville shale.
More Hydraulic fracturing news
Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.
The technology aims to address parent/child well interference and other completion problems that are contributing to shale well underperformance.
In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.
Aria Rose Oilfield Solutions provides in situ and 'on-the-fly' water treatment services for in-ground and above-ground water storage and treatment facilities.
Located in close proximity to the major industrial hubs on the US East Coast, Marcellus and Utica shale plays in the Appalachian basin have witnessed steady natural gas production growth over the last five-six years.