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Nextier Oilfield Solutions
23 articles mentioning Nextier Oilfield Solutions · Page 2 of 2
NexTier Oilfield Draw Down Credit Line; Cut Staff; Frac Crews
NexTier Oilfield Solutions a frac company said it is taking the following steps to manage through these volatile times. Cut capex : significantly reduce and refine its 2020 total capital expenditures, which it now expects to...
U.S. Frac Crew Spread Falls by 13 - Week Ending March 13, 2020
In a not so surprising move, U.S. E&Ps laid down 13 frac fleets this week. Currently, active frac spreads/fleets this week is at 289. We continue to believe we could see the fleet count get cut...
Updated : Frac Companies Permanently Retire 2.4 Million Horse Power
Updated : 12/12/2019 : Basic Energy Services said it is exiting the frac market, selling/dismantling its 500,000 HHP. Updated : 12/11/2019 : Superior (PumpCo) laid off its entire frac division (112 employees). As part of our...