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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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News Date
P2 acquires fellow software company iLandMan
Denver-based upstream software company P2 Energy Solutions signed a definitive agreement to acquire iLandMan, a cloud-based land and lease management software provider. Headquartered in Lafayette,...
May 31, 2018
Black Mountain Sand expands into Eagle Ford for next mine
Black Mountain Sand will go outside the Permian Basin for its third frac sand mine. The Fort Worth-based company is expanding into the Eagle Ford for a mine that should produce 2.2 million tons of...
May 31, 2018
Ocean Rig subsidiary issuing shares to acquire rigs
A Marshall Islands subsidiary of Ocean Rig UDW will buy two harsh-environment semi-submersibles that the Cayman Islands-based parent already indirectly owns. The deal came on May 28, the same day...
May 31, 2018
Transocean hired to send semisub to off UK
AziNor Catalyst has signed a letter of intent with Transocean in the UK continental shelf. The semisub Transocean Leader will drill a well in Q3 for the E&P backed by energy investor Seacrest...
May 31, 2018
ION to take a broader look off northeastern Canada
Ion Geophysical announced a new 2D multi-client program offshore Grand Banks in Newfoundland. The program will integrate with two ION programs in the area to create GrandSPAN, a set of regional...
May 31, 2018
Mammoth signs $900MM deal to repair Puerto Rico’s grid
Mammoth Energy Services subsidiary Cobra Acquisitions signed on May 26 a one-year $900 million contract with the Puerto Rico Electric Power Authority (PREPA), the biggest deal yet for a company...
May 31, 2018
Credit Suisse says time to join the oilfield services recovery
Any dip in the crude price should be seen as sign to buy oilfield services stocks because “the recovery is well underway,” Credit Suisse’s James Wicklund said in an investor note. The sector has been...
May 31, 2018
Industry groups endorse changes to offshore well rules
The Independent Petroleum Association of America joined other industry voices supporting the Bureau of Safety and Environmental Enforcement’s revision of the proposed revisions to the Blowout...
May 31, 2018
Eco-Stim US frac fleets plagued by downtime in Q1
One of Eco-Stim Energy Solutions’ two fracking fleets was idle for most of Q1 while waiting for sand and other equipment. The other one completed 238 stages during the quarter as it suffered from...
May 31, 2018
High Arctic’s results disrupted by earthquake
High Arctic Energy Services reported Q1 results that fell YOY largely due to drilling disruptions in Papua New Guinea. Q1 featured net income of C$4.4 million (US$3.4 million) on revenue of C$53.7...
May 31, 2018

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