Unconventional oil and gas production has taken operators into areas that lack accessibility to electricity from the grid. While most operators believe that they will be connected to the grid within two years of drilling, that is still two years where operators have to produce their own electricity. An average oil and gas well typically […]
Growing Consolidation and New Markets Drive Change in the Artificial Lift Market
Artificial lift is a method of increasing pressure within an oil and gas reservoir to maximize hydrocarbon recovery. Historically, artificial lift was primarily used on wells with insufficient pressure but now in an effort to improve flow rates its use on naturally flowing wells has increased. In total there are ~1 million wells utilizing artificial […]
What Does the Failure of the HAL BHI Merger Mean for M&A in Oilfield Services?
Last week, it was announced that Halliburton would not be following through with its acquisition of Baker Hughes. Meanwhile, in early April, Schlumberger’s acquisition of Cameron was completed. Understanding why the Halliburton Baker Hughes deal fell through while the Schlumberger Cameron deal moved forward offers insight into the outlook for M&A in oilfield services. Fundamentally different […]