Spears Associates News Today

The oilfield services sector, which has largely sat on the sidelines during the current round of consolidation among US producers, may finally be catching up.

The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will add to that with its 5% of the market, according to Evercore ISI, citing data from industry consultant Spears & Associates.

Blackstone Group has agreed to purchase Ulterra Drilling Technologies, a Texas-based manufacturer of drill bits and downhole tools, for around 700m.

Operator: Good morning, and welcome to TETRA Technologies Second Quarter 2023 Results Conference Call.

A combination of the companies’ pressure-pumping units would make it the No. 2 fracker with control of almost one-fifth of the market.

Patterson-UTI Energy Inc. agreed to acquire NexTier Oilfield Solutions Inc. in an all-stock deal worth $1.9 billion

U.S. shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the worlds largest producer, but now they are running... | December 4, 2022

US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway.

US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world's largest producer, but now they are running out of runway.

US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s..