fracking

Business, Fuel

World’s Biggest Fracker Halliburton Sees Signs of Rebirth as Slump Ebbs

Halliburton signage is displayed alongside storage tanks in Port Fourchon, La. Halliburton signage is displayed alongside storage tanks in Port Fourchon, La. (Luke Sharrett/Bloomberg News)

Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.

David Wethe | Bloomberg News
October 19, 2020
Business, Equipment, Fuel

Shale Loses Another Global Giant After Schlumberger’s Frack Sale

Schlumberger is abandoning its frack work in North America. (Bloomberg News)

Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs.

David Wethe | Bloomberg News
September 1, 2020
Business, Fuel, Top 100

Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump

Halliburton signage is displayed alongside storage tanks in Port Fourchon, La., on June 11. Halliburton signage is displayed alongside storage tanks in Port Fourchon, La., on June 11. (Luke Sharrett/Bloomberg News)

Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.

David Wethe | Bloomberg News
July 20, 2020
Business, Fuel

Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices

Employees work on a Chesapeake Energy natural gas rig in Texas in November 2009. Employees work on a Chesapeake Energy natural gas rig in Texas in November 2009. (Matt Nager/Bloomberg News)

Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.

June 29, 2020
Government, Business, Safety, Fuel

Pennsylvania’s Gas Politics Churn as Trump Embraces Industry

Pipeline marker A post marks the location of a shale gas pipeline in Zelienople, Pa. (Keith Srakocic/AP)

EXTON, Pa. — For a second time in three months, President Donald Trump is headed to Pennsylvania to promote his support for the natural gas industry, making clear that he sees his pro-industry policies as a boost to his chances of winning the battleground state.

Marc Levy | Associated Press
October 23, 2019
Government, Business, TCA

Wisconsin Frac Sand Producers Seek Relief From Rail Costs, Service Issues

Wisconsin frac sand loaded onto a railcar Sand for hydraulic fracturing is loaded onto a railcar in Maiden Rock, Wis. (Ariana Lindquist/Bloomberg)

In a clash of old and new industries, Wisconsin frac sand producers say their business is threatened by a handful of railroads operating under outdated regulations. Wisconsin produces about a third of the nation’s supply of sand used to extract natural gas and oil through a process known as hydraulic fracturing, or “fracking.”

Chris Hubbuch | Wisconsin State Journal
July 30, 2018
Business, Fuel

Harvey’s Floods Could Delay 10% of US Fracking, Analyst Says

Rainwater surrounds oil refinery storage tanks Rainwater surrounds oil refinery storage tanks in Texas City, Texas, Aug. 30. (Luke Sharrett/Bloomberg News)

As much as 10% of U.S. fracking work could be delayed after Hurricane Harvey ripped through southeast Texas, soaking thousands of miles of dirt roads snaking through one of the nation’s busiest oilfields.

September 1, 2017
Government, Business

Cuomo to Ban Fracking; Health Officials Call It Unsafe

The New York state Health Department said fracking for natural gas can’t be done safely, dooming prospects that Governor Andrew Cuomo will end a six-year moratorium.

December 18, 2014