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The hydraulic fracturing services industry, after two years in the doldrums, is on pace for significant improvement during the remainder of 2017. Capacity utilization of all existing frac horsepower (raw utilization) is forecast to average 56% in 2017, up from an average of 36% in 2016. When adjusted for ut
A software upgrade or update process can be a confusing and daunting task. To some users, the process can also be a time consuming endeavor. However, to avoid or ignore the process could prove to be problematic or even costly in the long run. There are many benefits in conducting a regular software upgrade. Here are three benefi
The oil price crash of 2014–15 sparked a difficult recalibration between upstream oil revenue and oil field development costs. The slowdown in upstream activity led to an oversupply in the markets for equipment, materials, and labor—and thus the costs of these inputs declined dramatically. Oil producers have built o