Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Flowco Holdings priced its IPO at $24 per share, above its original guidance. The oilfield services firm will begin trading on the New York Stock Exchange on Jan. 16.
U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Flowco Holdings priced its IPO at $24 per share, above its original guidance. The oilfield services firm will begin trading on the New York Stock Exchange on Jan. 16.
U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Oilfield services provider Flowco filed paperwork for an IPO, one of several energy-focused players seeking to test the public markets.
WoodMac weighs in on the Gulf of Mexico Anchor project’s 20k production outlook made possible by Chevron’s ‘breakthrough’ technology.
To lessen the “pain of intervention” during artificial lift, Baker Hughes’ Primera and InjectRT services take an innovative approach to address industry challenges.
Oxy and Chevron are among companies trying to find the sweet spot between data analytics and machine learning with human intervention to optimize production and predict failures before they happen.
Production, ESP efficiency soared when the company automated decisions with AI at the edge.
Soma Somasundaram, president and CEO of ChampionX, emphasized the need to innovate when drilling for the incremental barrel, as well as the oilfield services sector’s role in the path to net zero.