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.
The Ideal electric frac fleet aims to reduce greenhouse gases and make a substantial impact on total cost of ownership for operators.
Francois Laborie, Cognite, US, considers how to optimise the fraccing value chain through open data in a low-priced oil market.
A Rystad Energy analysis shows that new operations are now set to rise to above 400 wells in July, and recovery will be especially evident in the Permian Basin, where activity has nearly tripled.