Based on current market demand, the FracTran will be launched with a rating of 3300 horsepower and 10 000 lb.-ft. of input torque.
The majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures, which means that the next few years of oil and gas production growth in the US will hinge on the discipline of operators with their capital budgets, says GlobalData.
The company delivered real-time control of fracture placement while pumping on a multi-well pad using its SmartFleet intelligent fracturing system in the Permian Basin, US.
The transaction includes the transfer of approximately 450 000 net acres in the Fox Creek (Kaybob) and Rocky Mountain House (Willesden Green) areas, along with related infrastructure, currently producing around 30 000 boe/d from more than 270 wells.
Hunting is providing convertible capital financing to support Well Data Labs' growth ambitions in the onshore technical well data analytics market.
The two companies have completed the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada to Liberty.
Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.
SmartFleet gives operators real-time fracture control while pumping by integrating subsurface fracture measurements, live 3D visualisation, and real-time fracture commands.