Midstream
Schlumberger Limited
80 articles mentioning Schlumberger Limited · Page 2 of 4
Schlumberger Cuts Staff to Pre-Shale Boom Levels; Cites $3.4B Q2 Loss, $3.7B Impairment
Schlumberger Ltd. has reduced its workforce to pre-shale boom levels in its latest round of job cuts, according to its Q2 report and call. This comes after the company posted a $3.4 billion loss for Q2...
Schlumberger Second Quarter 2020 Results
Schlumberger Limited reported results for the second quarter of 2020. The company posted a $3.4B loss for the quarter. This resulted in decisions aimed at preserving capital (most notably a substantial reduction in its workforce (19%...
U.S. Frac Crew/Spread Count - Week Ending - July 3, 2020
The U.S. Frac Crew Count continues to increase. This week we observed an increase in the MidCon region and the Permian Basin. The weekly frac spread count tracks frac fleets across the U.S. on a weekly...
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.
Schlumberger Unveils New Strategy: $1.5B in Cost Cuts, Four Divisions
At the JP Morgan 2020 Energy, Power & Renewables Conference, Schlumberger Ltd. CEO Olivier Le Peuch detailed plans for major organizational changes for the company in the near-term. The plan looks to eliminate $1.5 billion in...
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...
Schlumberger Details First Quarter 2020 Results
Schlumberger Limited reported results for the first quarter of 2020. Call Highlights: Q2 Will be Rough Management was asked what they expect for trough working frac fleet count. Schlumberger said they expect that activity could bottom...
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...
Schlumberger Cuts Exec Salaries by 20%; Staff to Work 'Modified Schedules'
Schlumberger Inc. is implementing cuts across its workforce in response to the sudden market downturn, according to a report by Reuters. The company's executives are taking a voluntary 20% pay cut to their base salaries and...
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...
Schlumberger: Stacking Frac Fleets, Layoffs, Exit Basins
Schlumberger reported its Q4 and full year 2019 results. Main Takeaways: Frac business saw revenue decline 33% compared to 3Q19 Reduce workforce by 1,400 employees since 3Q19 Now focused on the three most active basins Reduced...