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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
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News Date
OFS - Analyst Notes - January 08, 2019
TPH remains upbeat on land OFS stocks Following a horrid end to 2018, many OFS stocks entered 2019 at/near 52-week and/or all-time lows, which begs question as to whether we are headed for...
Jan 08, 2019
Offshore mergers highlight historically weak 2018 in A&D
Offshore consolidation drove what was the smallest oilfield services A&D market in years, according to the Global M&A Database. OFS deals in 2018 totaled $25.9 billion—less than what GE Oil & Gas...
Jan 08, 2019
ProPetro closes acquisition of Pioneer fracking assets
ProPetro Holding completed its acquisition of the pressure pumping assets of Pioneer Natural Resources, adding eight frac fleets with 510,000 hhp and three coiled-tubing units for $400 million in...
Jan 08, 2019
Total Safety expands Canadian operations through acquisitions
Total Safety increased its Canadian operations by acquiring two Alberta-based industrial safety services companies. The combinations will allow the Houston-based company to expand its geographic...
Jan 08, 2019
Anchor contract for Solaris’ Oklahoma rail facility reduced
Solaris Oilfield Infrastructure received a $26 million partial termination payment from the primary customer of its frac sand transloading facility in Kingfisher, Oklahoma. The customer and Solaris...
Jan 08, 2019
Ensco newbuild jackup receives its first assignment
An Ensco harsh-environment jackup received its first contracts: two campaigns in the North Sea with UK independent Premier Oil, comprising a minimum of six wells. Under construction in Singapore, the...
Jan 08, 2019
Noble bringing drillship out of stack for Americas work
Noble Corp. will put a warm-stacked drillship in the Gulf of Mexico back to work this quarter. The company’s latest fleet status included three contracts in Australia for a jackup.The drillship Noble...
Jan 08, 2019
OFS - People Briefs - January 08, 2019
Halliburton Co. directors appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1. Executive chairman Dave Lesar, who was CEO from 2000 to June 2017,...
Jan 08, 2019
OFS - A&D News Briefs - January 08, 2019
Mammoth Energy Services expanded its aviation services business, acquiring Air Rescue Services and forming a JV with private equity firm Wexford Capital, which purchased Brim Equipment Leasing....
Jan 08, 2019
OFS - Contracts Briefs - January 08, 2019
Borr Drilling is taking a premium jackup out of warm stack in Singapore for an eight-month contract off Mexico. The Odin will work for an unidentified customer from March to November, according to...
Jan 08, 2019

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