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Nextier Oilfield Solutions
23 articles mentioning Nextier Oilfield Solutions · Page 1 of 2
What to Expect From Frac Activity in 2H'23 & 2024
Liberty (25 – 30) frac fleets drop in last 6 months. Expecting some pull-forward of completion activity. Don’t expect Nat Gas market to improve until 2024. “Frac activity is expected to stabilize but with somewhat quarterly...
Top Frac Companies Talk Slowdown In Gas Basin; Oversupplied Permian
Below the top frac companies talk about what to expect for the remainder of the year. One thing is very clear, almost all is expecting to move / market their gas basin fleets to the permian....
Nextier Oilfield Solutions Second Quarter 2022 Results
NexTier Oilfield Solutions Inc. reported second quarter 2022 financial and operational results. 2Q Highlights: Total revenue of $842.9 million, a 33% sequential increase and 189% year-over-year Achieved fifth consecutive quarter of 25%+ revenue growth Net income...
Nextier Details Prelim Q4: Talks Outlook for Frac Market in 2022
NexTier Oilfield Solutions Inc. provided an operational update and guidance for the fourth quarter of 2021. Fourth Quarter 2021 Guidance & Recent Highlights: Total revenue guidance of $500-510 million for Q4 2021, reflecting an increase of...
Service Companies Talk Growth, Outlook for 2021
Below are the highlights from the Q1 reports and conference calls of several service companies including Schlumberger, Halliburton, Liberty, Nabors and Nextier. They discuss their outlook for the Lower 48 and International markets, as well as...
Frac Company to Grow Fleets by +11% in Second Quarter
Nextier Reported its 1st quarter results. What jumped out at us was the companies plan to grow its fleet another +11% in the second quarter. Going from 18 to 20 fleets. Generated total revenue of $228.4...
NexTier Removing More Fleets From Market; 3Q Results
NexTier Oilfield Solutions today reported third quarter 2020 financial and operational results. Quick Read Averaged 11 fully-utilized fleets in Q3 2020 and exited with 13 fully-utilized and 14 deployed fleets Generated total revenue of $163.7 million...
Rig Count Vs Frac Spread Count : Week Ending 9/18/2020
A few of asked us if we can provide this chart weekly. Metrics
U.S. Frac Crew/Spread Count Continues to Increase; Week Ending - June 26, 2020
This week we observed another uptick in Frac Activity. The U.S. Frac Crew Count increased by +3 this week to end at 64 active fleets. The Permian gained +2 this week and the Bakken up by...
Major Uptick in U.S. Frac Spread/Crews - Week Ending June 19, 2020
This was a good week for the frac market. The week ended with 61 active spreads. Frac Crews overtime.
U.S. Frac Spread/Crew - Week Ending June 12, 2020
Another good week for the U.S. frac spreads. Through our back channels and survey data, we are reporting that the crew count went up by +5 last week. This marks the fourth week that we are...
U.S. Frac Spread Count, By Basin/Play - Week Ending June 5, 2020
Another good week for the U.S. frac spreads. Through our back channels and survey data, we are reporting that the crew count went up by +3 last week. This marks the third week that we are...
U.S. Frac Spread Count, By Basin/Play - Week Ending May 29, 2020
As expected, Frac fleets remained unchanged this week at 56. As most of you might remember, last week we reported the +2 fleets that started working this week. This week we will include another version of...
U.S. Frac Spread Count, By Basin/Play - Week Ending May 22, 2020
There have been a lot of you, 19 emails to be exact about wanting us to provide a little more details/ break-out of active frac crews by Basin/Play. While this level of details is normally reserved...
Active Frac Crews/Fleets Up +2 - Week Ending, May 15, 2020
This week we observed an interesting thing when talking to our contacts in the field. One pressure pumpter told us they were called back by an operator on Monday of this week to complete a pad...
U.S. Frac Crews Down (82%) YTD; More To Go; Fleet Count By Operator
This week we will look at our Frac Fleets. The week ended with 51 active frac fleets working in the U.S. Basins. To get frac fleets by operator and by plays click here (requires frac database...
U.S. Frac Crews: Week Ending - May 1, 2020
This week we report that U.S. frac crews took another leg down. Current crew count ended the week at 69. Weekly Changes Year to date changes
Active Frac Spreads / Frac Crews Week Ending - April 24, 2020
The U.S. frac spreads/completion crew count for the week ending 4/24/2020 is 91. This mark another week where operators are focused on reducing not just their rig count by also completion count as well. To get...
Frac Market Update : Operators Drop 45 Frac Crews
As more and more operators cut rig counts, they are also dropping frac fleets as well. Below is our Frac Fleet Update as of 4/19/2020 U.S. Frac Crews/ Completion Spreads To demonstrate the share magnitude of...
U.S. Frac Crew Count/Completion Spreads: Week Ending April 11, 2020
In another week, we look at our Frac Crew Tracking data. This week frac crew count comes in at 188, which is down (-31) from last week. A few observations from our field surveys. - Two...