The decade of 2010 opened to a “black gold rush” built upon horizontal drilling and hydraulic fracturing, drawing in a flood of investment money of all kinds. Investors dreamed of funding an unlimited Christmas list for producers and service companies alike, asking only that the list be used to expand the company so it could […]
Hi-Crush idles plants leaving only one each in west Texas and Wisconsin
Houston-based Hi-Crush said June 25 it has idled three production and three terminal facilities since April and now has operating (at reduced rates) only its Kermit facility in west Texas and Wyeville facility in Wisconsin. Hi-Crush provides proppant and logistics services for hydraulic fracturing operations. The company also adjusted the deployment schedule for its first […]
Permian Basin returns to status as top destination for fracturing crews
Investment firm Tudor, Pickering, Holt & Co. said this week Permian Basin is again the top location of U.S. hydraulic fracturing crews. Marcellus Basin in Pennsylvania had replaced Permian as No. 1 in Tudor’s previous report, but 10 more crews have returned to oilfield since – most of them in Permian. Of the 450 available […]
Rystad: Hydraulic fracturing starts to begin recovery in third quarter
Oslo-based Rystad Energy said May 15 that starts of new hydraulic fracturing jobs in U.S. will hit a low in May before a recovery begins in 2020Q3. Rystad said, “The covid-19 pandemic and the low oil price environment it has created continue to affect global energy markets and activity levels by oil and gas producers.” […]
Marcellus replaces Permian as top destination for fracturing crews
Marcellus Shale in Pennsylvania and West Virginia has surpassed Permian Basin as leading U.S. destination for hydraulic fracturing crews, according to Houston investment advisory group Tudor, Pickering, Holt and Co. The firm said last week 31 percent of active crews were in Marcellus Shale followed by 30 percent in Permian Basin, and 14 percent each […]
Shifting Sands
In less than 10 years, frac sand sourcing has migrated from Wisconsin/Illinois to Brady to local basins, and cut fracturing costs by millions in the process. Meanwhile, expect another sand boom. By Paul Wiseman While hydraulic fracturing traces its roots as far back as 1947 with Stanolind Oil and Gas engineer Floyd Farris’s unsuccessful trial, […]