STEP Energy Services’ Perspective in Q1: KEY Takeaways
STEP's frac spread utilization improved significantly in Canada in Q1. However, its FSC was reduced by two in the US....
KLX Energy Services’ Perspective in Q1: KEY Takeaways
KLXE faces operational challenges in the Rockies, Mid-Con, and Permian due to adverse weather. It expects service pricing and utilization...
NINE Energy’s Perspective in Q1: KEY Takeaways
Completion delays and lower utilization adversely impacted some of NINE's operations. In Q2, utilization can decline while pricing in cementing...
Patterson UTI’s Perspective in Q1: KEY Takeaways
PTEN's management expects an increase the demand for Tier 1 drilling assets . The company will likely achieve additional synergies...
ProPetro’s Perspective in Q1: KEY Takeaways
PUMP recent made greement to deliver of two FORCE electric frac fleets in 1H 2024, to XOM. Its effective frac...
COP And MRO: A Well Thought-Out Deal
CococoPhillips is set to acquire Marathon Oil in one of the significant energy eals of 2024. The merger can result...
NOV’s Perspective in Q1: KEY Takeaways
NOV's new pressure pumping equipment bookings has been soft, while e-frac and CNG units backlog has been strong. It has...
RPC’s Perspective in Q1: KEY Takeaways
RES will replace a Tier 2 diesel spread with a new Tier 4 DGB frac spread in a few months....
Baker Hughes’s Perspective in Q1: KEY Takeaways
BKR is transforming the core business to drive higher profitability. It is shifting towards emissions control due to rising demand...
Halliburton’s Perspective in Q1: KEY Takeaways
HAL looks to strengthen its ZEUS electric platform and the directional drilling system. Its international operations can see margin expasion...
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