Agreement will provide proppant to industry leader.
Increasing investment towards exploration and production of unconventional resources due to rising concern towards rapid depletion of conventional resources will drive the hydraulic fracturing market size during the forecast period.
Baker Hughes, a GE company, has announced the introduction of its MILLITE™ lightweight frac plug, which mills out more smoothly and cleans up better than other conventional frac plugs, cutting costs and helping customers achieve first oil faster.
StimPlan is a complete and integrated software solution for hydraulic fracture design, analysis and optimisation.
Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.
Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.
The Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development.
The company announced today that it has begun to see natural gas flow to the surface from its shale exploration well at the Preston New Road site.
Production in the area, which spans Texas and New Mexico, could reach 5.4 million boe per day by 2023, putting it ahead of every OPEC country except Saudi Arabia.
Highlands, the London-listed natural resources company, is pleased to announce the formation of Highlands Water Resources Corporation.
Will Scargill, Senior Oil & Gas Analyst at GlobalData, offers his view on the prospects for the sector.
Svetlana Doh, Oil and Gas Analyst at GlobalData, offers her view on the impact on the upstream sector.
According to GlobalData, the wide variance in economic performance among operators in the unconventional horizontal wells that were refractured in Haynesville, Louisiana, US, during 2017- 2018 highlights the need for refracturing techniques to evolve to increase success cases for operators.