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More Service & Supply News
Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown
Baker Hughes reported a strong second quarter for 2025, with total company revenue rising to $7.1 billion, a 13% increase over the $6.3 billion reported in Q2 2024.…
Halliburton Warns of Deepening U.S. Frac Slowdown
Halliburton's Q2 earnings call confirmed what we said in our recent Intel-Bits report: the back half of 2025 is shaping up to be significantly weaker than expected, particularly…
Schlumberger Shows Steady Resilience Amid Market Volatility
SLB has reported its financial results for the second quarter of 2025, reflecting stable sequential performance and resilience in the face of macroeconomic and industry-wide challenges. Despite a…
Liberty Energy Reducing Frac Fleets As Market Activity Slows; Talks 2025
Liberty Energy, much like Patterson UTI said they are reducting fleet count amidst a slowing on frac activity. During the most recent earnings call the company said.. Cutting…
Service Companies Talk Bleak Outlook for Remainder of 2024
As most of you might remember, back in May we told you to expect significant slow down in drilling & completion activity. Read here. But that analysis was…
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…