Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Source: hartenergy.com
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U.S. oil field job losses could swell as natural gas prices plunge
Natural gas firms including Chesapeake Energy, Comstock Resources and Antero Resources have warned they were dropping rigs and frack crews as ultra-low gas prices slammed profits
Source: theglobeandmail.com
US oilfield job losses could swell as natural gas prices plunge
Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new wells to reduce...
Source: marketscreener.com
Patterson-UTI Braces for Activity 'Pause' After E&P Consolidations
Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
Source: hartenergy.com
Patterson-UTI Steadies Capacity Additions while Expanding Natural Gas-Powered Fleets, Rig Tech
Contract driller Patterson-UTI Energy Inc. has no plans to add drilling or completion capacity in the Lower 48, as activity is forecast to remain flat
Source: naturalgasintel.com