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Serving the oilfield service sector with news, analysis and business opportunities.

PLS publishes news and analysis on the oilfield service sector through its OFS module. The gold banner report, published every 3 to 4 weeks, covers the active sector with news and analysis on drilling, completions, field operations and technology.

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  • Published every 3 weeks; 17+ issues per year
  • Covers drilling rigs, field services, completions, equipment, OFS performance, supply, costs
  • Includes properties, oilfield services,
    rigs & equipment for sale
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News Date
Weatherford halts US fracking, may exit the business
Weatherford is planning a pullback from the US fracking business and may exit it altogether, as it has been adding to the company’s battered bottom line. The company has “made a strategic decision to...
Dec 29, 2016
OFS giants refig, reboot or IPO frac businesses
It’s a front page full of “frac maneuvers” as Baker Hughes plans to bring back BJ Services in a modern-day PE-funded reboot (PG. 1). Baker hopes to better position the lowermargin, highly competitive...
Dec 29, 2016
Pioneer Energy Services closes $65MM offering - December 29, 2016
Pioneer Energy Services has closed a public offering of 12,075,000 shares of its common stock at a price of $5.75 per share, upsized from the previously announced 9 million shares. Of the shares...
Dec 29, 2016
Baker brings back BJ Services through PE spin off
Baker Hughes is selling a majority stake in its North American onshore pressure pumping business to Houston private equity firm CSL Capital Management and West Street Energy Partners (WSEP), a...
Dec 29, 2016
Nabors places $600MM of 2023 notes privately - December 29, 2016
Nabors Industries Inc. sold $600 million aggregate principal amount of its 5.5% senior unsecured notes due 2023 at 100 in the private placement with qualified institutional buyers that closed Dec. 9....
Dec 29, 2016
US Silica exercises option to purchase additional shares - December 29, 2016
US Silica purchased 1,350,000 additional shares of its common stock under an overallotment option granted in connection with the previously consummated public offering of 9,000,000 shares of common...
Dec 29, 2016
Ceiba Energy opens third waste fluid facility of the year - December 29, 2016
Ceiba Energy Services completed the commissioning of its Kaybob waste fluid facility, located southeast of Fox Creek, Alberta, marking the company’s fourth Class 1B facility. Kaybob, which opened...
Dec 29, 2016
Cathedral selling flowback & production testing assets
Cathedral Energy Services is selling its flowback and production testing assets to Ideal Completions Group for $17.8 million. Ideal is a newly formed portfolio company of Edge Natural Resources, a...
Dec 29, 2016
Forbes prepares to file for bankruptcy
Forbes Energy Services entered into a restructuring support agreement on Dec. 21 with certain noteholders of its 9% senior unsecured notes due 2019. Under a backstop agreement, the company has agreed...
Dec 29, 2016
Patterson-UTI November 2016 drilling activity - December 29, 2016
For the month of November, Patterson-UTI reported that it had 65 rigs operating in the US and two rigs in Canada. While the Canadian rig count remained stagnate, its number in the US was an increase...
Dec 29, 2016

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