Houston-Based Oilfield Service Company Launches IPO
NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.
EPA To Reconsider Rule On Fugitive Emissions From Oil, Gas Wells
The move signaled another retreat from climate change action after the Trump administration in March halted an effort to gather methane data from existing oil and gas operations to rein in leaks.
Stack Play-Focused Tapstone Files For $100 Million IPO
Tapstone Energy filed for an IPO of up to $100 million, the E&P, which claims to hold the largest contiguous leasehold position in the Northwest Stack Play, said in regulatory filings on April 13.
Continental Taps EnerVest's Tony Maranto As COO
Jack Stark's title is set to change to president when Maranto joins May 1. Stark has served as president and COO of Continental since 2014 and has been with the company since 1992.
Wood Group Estimates Higher Cost Savings From Amec Foster Deal
Wood Group said it expected about 36% more cost savings from its deal to buy Amec Foster for 2.2 billion pounds (US$2.7 billion) than it first estimated when announcing the deal in March.
Water Services Firms Rockwater, Crescent Agree To $207 Million Merger
Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.
Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan
The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.
Schlumberger, Weatherford To Form OneStim JV
The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.
Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
The company expects its earnings per share to be in low-single digits in the quarter ending March, CEO David Lesar said on a conference call on March 24.
Triple-A's: White Star’s Acquisition Trifecta Add 49,000 Acres
The acquisitions add to the 210,000 net acres Devon Energy sold to White Star in 2016.