“Multiple-Basin Analyses Affirm Performance of Regional Frac Sands” By, Howard Melcher, Mike Mayerhofer, Karn Agarwal, and Ely Lolon. DENVER–Even after more than a decade of concentrated drilling and completion activity and tens of thousands of wells on production, optimizing the horizontal development of liquids-rich resource plays remains an incomplete science. Several questions have not yet been fully answered regarding wellbore spacing, parent/child well interactions, lateral length, completion design, perforation strategy, etc. One such optimization question is how proppant type affects the conductivity of the created propped fractures…. https://www.nxtbook.com/nxtbooks/aogr/202012/index.php#/p/42
HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses. Investors had already been pressuring the industry to curb spending and boost returns before the pandemic hit. Shale output was quickly cut, but might return quickly if…
Supercharging Technology and Scale DENVER & HOUSTON–(BUSINESS WIRE)– Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) announced today the completion of the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (“OneStim®”) to Liberty on December 31, 2020, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses, in exchange for a 37% equity interest in Liberty. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210104005163/en/ The transaction strengthens Liberty’s position in offering one of the most innovative suites of completion services and technologies to operators in onshore North America. Liberty will continue to be led by its…
Liberty was founded in 2011 with the mission to build a different frac company. Liberty founders each bring over 20 years of technology thought leadership and operations excellence that have been powering the shale revolution from its beginnings in the late 1990s. We are dedicated to partnering with leading exploration and production companies to apply technology innovations and superior operations. From day one we have been committed to reducing our customers’ cost of producing a barrel of oil.
Liberty will continue to place faith in our people and will invest in hiring, training and retaining the best and brightest individuals in our field. Building partnerships with our customers and understanding what drives their success is what sets Liberty apart… when they succeed, we succeed. We are excited to lead change in the industry and continue to make our customers stronger by building better wells faster, safer, and cleaner.