Could Low Oil Prices Really Kill the U.S. Fracking Industry?
Travis Hoium, The Motley Fool - Motley Fool - 21 mins ago
U.S. shale drilling has fallen off a cliff since it became apparent that oil prices weren't going to recover quickly near the end of 2014. As you can see below, the number of active drilling rigs has been falling rapidly in 2015, and it doesn't...
WFT: 14.16 (-0.05), HAL: 48.00 (-0.17), BHI: 68.09 (-0.28)
Things Are Bad For Drillers - Real Bad... So Why Are They Trading Higher?
MyTradingIncome - Seeking Alpha - Sat Apr 25, 11:50AM CDT
It's no secret that things are bad for oil drilling companies. U.S. crude oil prices have experienced a tremendous 58% decline from the high of $107.22 last May to the recent low of $45.42. While oil prices have rebounded moderately in recent weeks,...
HAL: 48.00 (-0.17), WFT: 14.16 (-0.05), COP: 67.51 (-0.75), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
Halliburton Assets Up for Grabs, Who Will Buy? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 24, 5:39PM CDT
Halliburton Company (HAL) is drawing attention from a wide range of companies for the assets it has put up for sale, according to an article from Bloomberg.
NOV: 54.20 (-1.55), GE: 26.80 (-0.05), HON: 102.50 (-0.51), EMR: 57.65 (-0.56), HAL: 48.00 (-0.17), DOV: 73.84 (-0.54), CAT: 84.60 (-0.19), DHR: 83.30 (-1.39), SPN: 23.61 (-0.63), BHI: 68.09 (-0.28)
U.S. oil rig count falls for 20th straight week
Seeking Alpha - at Seeking Alpha - Fri Apr 24, 12:50PM CDT
USO: 19.67 (-0.09), TWTI: 20.40 (unch), UCO: 9.24 (-0.01), SZO: 57.55 (unch), OLO: 7.66 (+0.04), DNO: 52.04 (+0.33), DTO: 73.21 (+1.21), DBO: 14.98 (+0.05), OIL: 11.91 (-0.03), BNO: 23.77 (+0.17), UWTI: 3.29 (-0.06), OLEM: 25.35 (unch), DWTI: 75.19 (+1.26), SCO: 59.75 (+0.20), USL: 27.31 (+0.03), BHI: 68.09 (-0.28)
US oil and natural gas rig count drops by 22 to 932
By The Associated Press - AP - Fri Apr 24, 12:25PM CDT
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 22 this week to 932 amid depressed oil prices.
BHI: 68.09 (-0.28)
Weatherford: Disappointment Returns
Stone Fox Capital - at Seeking Alpha - Fri Apr 24, 11:41AM CDT
WFT: 14.16 (-0.05), HAL: 48.00 (-0.17), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
South America Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries - Regional Trend & Forecast to 2019
M2 - Fri Apr 24, 9:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/6ngjbr/south_america) has announced the addition of the "South America Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries - Regional Trend & Forecast to 2019 " report to their offering. The South American coiled tubing market is estimated to grow at a CAGR of 6.6 % from 2014 to 2019 Although Brazil has the largest market share of 28% in the South American coiled tubing market, the Rest of South America segment (including emerging countries such as Argentina and Columbia) is expected to grow at the fastest CAGR of 7.2% during the forecast period, 2014 to 2019. The growth of the coiled tubing market depends on several factors, including the increasing energy demand in the region. This energy demand can be fulfilled by discovering and developing new reservoirs and by improving production from existing ones. Other factors include introduction of new technologies, innovations, and improvements in existing services. Factors such as strict environmental regulations, government policies, and high competition compel companies to adopt new and better services for drilling and production. The discovery of new oil fields in South America is creating more growth opportunities for CT companies in South America. Brazil is an important market in the South American region, having accounted for a market share of 28% in 2013. The Brazilian coiled tubing market is dominated by various international players. In this report, the South American coiled tubing market has been broadly classified on the basis of type, application, and geography. The applications areas are offshore and onshore. Brazil, Venezuela, and Rest of South America have been considered for the geographic analysis of the South American market. Among the sub-segments of the coiled tubing market, the well intervention segment was valued at $232.0 million in 2013 and is estimated to reach $348.6 million by 2019. The high exploration and development activities, along with the use of secondary and tertiary methods to improve the recovery from wells, have led Venezuela to be the largest contributor in the well intervention segment of South America. The Argentine segment is expected to grow at the fastest rate from 2014 to 2019, to reach $91.1 million by 2019, from $58.1 million in 2013. Companies Mentioned - Aker Solutions ASA - Baker Hughes Inc. - Calfrac Well Services - Halliburton Co. - Schlumberger Ltd. - Trican Well Service - Weatherford International Plc For more information visit http://www.researchandmarkets.com/research/6n...th_america
WFT: 14.16 (-0.05), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
Don't Count Out Oil Services Stocks Just Yet
Tyler Crowe and Sean O'Reilly, The Motley Fool - Motley Fool - Fri Apr 24, 8:33AM CDT
The bulk of the results are in from the oil and gas services sector, and Industry Focus brings you an investor's-eye view of what it all means. International exposure was an advantage this time around; Tyler Crowe discusses the differences between ...
HAL: 48.00 (-0.17), FTI: 40.01 (-1.41), SLB: 91.61 (-1.44), CLB: 124.69 (-0.63), BHI: 68.09 (-0.28)
Africa Drilling and Completion Fluids Market by Type, By Application, By Countries - Regional Trend & Forecast to 2019
M2 - Fri Apr 24, 6:08AM CDT
Research and Markets (http://www.researchandmarkets.com/research/xvm3l3/africa_drilling) has announced the addition of the "Africa Drilling and Completion Fluids Market by Type (Water Based, Synthetic Based, Oil Based & others), By Application (Onshore & Offshore), By Countries - Regional Trend & Forecast to 2019" report to their offering. The Africa drilling waste management market constitutes 5.6% of the global drilling waste management market, and is expected to grow at a CAGR of 4.0% from 2014 to 2019 Geographically, the African market has been further segmented into Egypt, Algeria, Libya, Angola, and Nigeria, among others. Egypt held the largest share of 26% of the Africa drilling waste management market in 2014. The Africa drilling waste management market holds a high potential for growth in future due to a number of forces favoring this market. The major factors driving this market include increasing environmental concerns, increasing CAPEX for exploration and production, and the stringent government regulations forcing oil & gas companies to implement effective drilling waste management practices. In this report, the Africa drilling waste management market has been segmented on the basis of service, application, and geography. Solids control, containment & handling, and treatment & disposal are the segments of the Africa market, in terms of service types. In 2014, the treatment & disposal contributed 39.4% to the overall Africa drilling waste management market. Offshore and onshore are the two application segments of the African market. The report has profiled the leading players of this market, along with the recent developments of the companies. New contracts, agreements, mergers & acquisitions, and business expansions are among the key strategies adopted by the players to expand their drilling waste management businesses in the African region. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Africa Drilling and Completion Fluids Market, By Application 6 Africa Drilling and Completion Fluids Market, By Type 7 Africa Drilling and Completion Fluids Market, By Country 8 Africa Drilling and Completion Fluids Market: Competitive Landscape 9 Africa Drilling and Completion Fluids Market, By Company - Baker Hughes Inc. - Halliburton - M-I Swaco - Newpark Resources Inc. - SCOMI Group BHD - Tetra Technologies Inc. - Weatherford International For more information visit http://www.researchandmarkets.com/research/xv...a_drilling
WFT: 14.16 (-0.05), NR: 10.45 (-0.14), BHI: 68.09 (-0.28)
Asia-Pacific Drilling and Completion Fluids Market 2015-2019 - Type, by Application, by Country Analysis and Forecast with M-I SWACO & Halliburton Dominating
M2 - Fri Apr 24, 5:56AM CDT
Research and Markets (http://www.researchandmarkets.com/research/jmlpc9/asiapacific) has announced the addition of the "Asia-Pacific Drilling and Completion Fluids Market by Type (Water-Based, Synthetic-Based, Oil-Based, Others), by Application (Onshore, Offshore), by Country - Analysis and Forecast to 2019 " report to their offering. The Asia-Pacific drilling & completion fluid market, by application is estimated to grow at a CAGR of 4.7% from 2014 to 2019 to reach $2,223.5 million by 2019 Drilling and completion fluids are among the most essential requirements for any drilling activity, whether carried out in onshore or offshore areas. Drilling and completion fluids serve many purposes in drilling activities; the fluids facilitate the drilling process by suspending cuttings, controlling pressure, stabilizing exposed rock, providing buoyancy, and cooling and lubricating. Even though China holds the largest share in the Asia-Pacific drilling and completion fluid market, the Indonesian segment is expected to grow at the fastest CAGR of 5.7% during the forecast period of 2014 to 2019. The water-based fluid segment holds the largest market share in the Asia-Pacific region, among the fluid types (on the basis of the base fluid used). In this report, the Asia-Pacific drilling & completion fluid market has been broadly classified in terms of based fluid, application, and geography. In 2013, the Asia-Pacific market was dominated by M-I SWACO (a part of Schlumberger Ltd.), Halliburton Co., Baker Hughes Inc., NewPark Resources, and Tetra Technologies Inc., among others. M-I SWACO is the leading provider of technology, integrated project management, and drilling & completion fluids in the Asia-Pacific market. It has strong presence in the water-based, oil-based, and synthetic-based segments of the market. The competitive strategies of the company include acquisitions, joint ventures, and investments in research & development. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Asia-Pacific Drilling & Completion Fluid Market, By Application 6 Asia-Pacific Drilling & Completion Fluid Market, By Base Fluid 7 Asia-Pacific Drilling and Completion Fluid Market, By Geography 8 Asia-Pacific Drilling and Completion Market: Competitive Landscape 9 Asia-Pacific Drilling and Completion Fluid Market, By Company - Baker Hughes Inc. - Global Drilling Fluids & Chemicals Ltd. - Halliburton - M-I Swaco - National Oilwell Varco - Newpark Resources Inc. - Scomi Group Bhd - Tetra Technologies Inc. - Weatherford International Ltd For more information visit http://www.researchandmarkets.com/research/jm...siapacific
WFT: 14.16 (-0.05), NR: 10.45 (-0.14), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
Bloomberg: Halliburton asset sales attracting largest industrial companies
Seeking Alpha - at Seeking Alpha - Thu Apr 23, 4:49PM CDT
NOV: 54.20 (-1.55), GE: 26.80 (-0.05), HON: 102.50 (-0.51), HAL: 48.00 (-0.17), EMR: 57.65 (-0.56), DOV: 73.84 (-0.54), DHR: 83.30 (-1.39), CAT: 84.60 (-0.19), SPN: 23.61 (-0.63), BHI: 68.09 (-0.28)
Baker Hughes: More Pain To Come?
Achilles Research - at Seeking Alpha - Wed Apr 22, 3:28PM CDT
BHI: 68.09 (-0.28)
Halliburton: Coping Well Under The Circumstances
Musings of a Banker - at Seeking Alpha - Wed Apr 22, 3:12PM CDT
HAL: 48.00 (-0.17), BHI: 68.09 (-0.28)
North America Drilling Waste Management Market 2015-2019 - Services (Solid Control, Containment & Handling, Treatment & Disposal) & Application (Onshore & Offshore ) Analysis
M2 - Wed Apr 22, 9:44AM CDT
Research and Markets (http://www.researchandmarkets.com/research/n8vzj6/north_america) has announced the addition of the "North America Drilling Waste Management Market by Services (Solid Control, Containment & Handling, Treatment & Disposal), By Application (Onshore & Offshore ), By Countries - Regional Trend & Forecast to 2019" report to their offering. The drilling waste management services market is estimated to grow at a CAGR of 2.0% from 2014 to 2019 The U.S. holds the largest market share. Mexico is expected to grow at the highest CAGR of 3.0% in the forecast period. There are various factors which drivers the growth of drilling waste management services market in North America region. Growing demand for oil & gas, increase in activities of exploration and production of natural gas reserves, rising concerns for environment, and stringent environmental rules and regulations are some of the factors stimulating the growth of drilling waste management services market in the North American region. However factors such as crude oil price volatility, lack of experienced personals, and high competition in oil field services market are restraining the growth of drilling waste management services market. Furthermore, emerging markets, Mexico and Canada are creating growth prospects for this market. The report segments the drilling waste management market on the basis of types of services, application, and geography. Two different application areas with different technical requirement for drilling waste management services are onshore and offshore. Onshore area was estimated to have the largest market with 98.4% market share in 2014 and expected to be 97.9% in 2019. However, offshore area has high growth potential and is expected to increase its market share rapidly. Offshore drilling waste management market in North America is expected to grow at a CAGR of 2.0% from 2014 to 2019. The offshore drilling waste management market is further segmented into solid control, containment and handling, and treatment and disposal based upon the type of services. Most of the drilling waste management practices carried out on offshore areas are treatment and disposal services which representing around 40.1% market share in 2014. Factors such as stringent environmental regulations and new technologies are driving the growth of this market. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Drilling Waste Management Market, By Application 6 Drilling Waste Management Market, By Service 7 Drilling Waste Management Market, By Geography 8 Drilling Waste Management Market: Competitive Landscape 9 Drilling Waste Managment Market, By Company - Baker Hughes Incorporated - Halliburton Company - National Oilwell Varco - Schlumberger Limited. - Weatherford International PLC For more information visit http://www.researchandmarkets.com/research/n8...th_america
WFT: 14.16 (-0.05), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
North America Well Completion Equipment & Services (Packer, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Safety Valves, Smart Wells, Others) Market 2015-2019
M2 - Wed Apr 22, 9:08AM CDT
Research and Markets (http://www.researchandmarkets.com/research/jk3zq5/north_america) has announced the addition of the "North America Well Completion Equipment & Services Market: by Type (Packer, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Safety Valves, Smart Wells, Others), by Application (Onshore, Offshore), by Geography (U.S., Canada, Mexico) - Trends & Forecasts to 2019" report to their offering. The North American well completion equipment and services market is estimated to grow at a CAGR of 2.5% from 2014 to 2019 In this report, the well completion equipment and services market has been segmented on the basis of type, application, and geography. The North American well completion equipment and services market has been analyzed in terms of the major countries in the region, such as the U.S., Canada, and Mexico. Onshore and offshore areas are the application areas of the well completion equipment and services market. The market has been segmented on the basis of types, which include packers, sand control tools, multi-stage fracturing tools, liner hangers, safety valves, and smart wells, among others. In 2014, the packer tools & services segment held the largest market share of 29.9% within the North American well completion equipment and services market, followed by the sand control tools segment. The report has profiled the leading players of the market, along with the developments (new product launches, mergers & acquisitions, expansions, partnerships, agreements, collaborations, and joint ventures) done by the companies over the past few years and strategies adopted by them to sustain and strengthen their positions in the North American well completion equipment and services market. Weatherford International Ltd. (Ireland), Schlumberger Ltd. (U.S.), and Baker Hughes Inc. (U.S.) are among the key players operational in this market. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 North America Well Completion Equipment and Services Market,By Application 6 North America Well Completion Equipment and Services Market, By Type 7 North America Completion Equipment and Services Market,By Geography 8 North America Well Completion Equipment and Services Market: Competitive Landscape 9 Well Completion Equipment and Services Market, North America: By Company - Baker Hughes Inc. - Halliburton Co. - Nabors Industries Limited - National Oilwell Varco - Schlumberger Ltd. - Superior Energy Services Inc. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/jk...th_america
NBR: 15.04 (-0.53), WFT: 14.16 (-0.05), SPN: 23.61 (-0.63), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
Baker Hughes Free-Falls - Axes 10,500 Jobs
Shock Exchange - at Seeking Alpha - Tue Apr 21, 11:49PM CDT
BHI: 68.09 (-0.28)
Baker Hughes cuts 10,500 jobs
at Investor's Business Daily - Tue Apr 21, 5:48PM CDT
The oil service firm ended up cutting 17% of its workforce in Q1, up from its prior plan of 7,000, as the industry slashes jobs, spending and activity due to lower oil prices. Halliburton (HAL), which is buying Baker Hughes (BHI) for $34.6 bil, said...
HAL: 48.00 (-0.17), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)
Stocks Close Mixed as Earnings Drive Dow, S&P 500 Down
at The Street - Tue Apr 21, 3:07PM CDT
Stocks were mixed on Tuesday as disappointing earnings dragged on overall markets.
HOG: 57.23 (+0.28), UTX: 116.16 (-1.10), MYL: 76.06 (+2.37), PKG: 70.00 (-0.04), UA: 82.56 (-0.70), IBM: 169.78 (-0.46), CMG: 637.50 (+1.90), DD: 71.52 (+0.73), TEVA: 64.41 (+1.16), VZ: 50.03 (-0.02), BHI: 68.09 (-0.28), TRV: 103.95 (+0.47)
Dow Extends Losses; Travelers Falls After Missing Earnings Estimates
at The Street - Tue Apr 21, 2:16PM CDT
Stocks are mixed on Tuesday as disappointing earnings drag on overall markets.
HOG: 57.23 (+0.28), VRTX: 133.20 (-2.62), UTX: 116.16 (-1.10), MYL: 76.06 (+2.37), PKG: 70.00 (-0.04), UA: 82.56 (-0.70), GILD: 103.69 (-1.52), IBM: 169.78 (-0.46), DD: 71.52 (+0.73), TEVA: 64.41 (+1.16), VZ: 50.03 (-0.02), BHI: 68.09 (-0.28), TRV: 103.95 (+0.47)
Baker Hughes Cuts 10,500 Jobs, Q1 Results Underwhelm
at Investor's Business Daily - Tue Apr 21, 10:42AM CDT
Oilwell-technology provider Baker Hughes (BHI) expanded its staff reductions to 10,500 in the first quarter, the company said in its Q1 earnings report Tuesday, the latest in a long line of cutbacks the oil industry has made due to lower oil prices...
HAL: 48.00 (-0.17), SLB: 91.61 (-1.44), BHI: 68.09 (-0.28)