Similar to contract drilling, pricing for pressure pumping largely depends on the supply-demand balance, with service firms generally commanding pricing power around 80% utilization. Patterson’s ...

Following several years of rampant oversupply, the US rig market has spent the past several quarters operating near maximum capacity utilization, supporting significantly increased day rates. Drillers ...

(Bloomberg) -- The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as speedier drilling cuts into contractors’ revenue. Rigs are typically rented out at a ...

CALGARY, Alberta, April 22 (Reuters) - First-quarter profit at Precision Drilling Trust dropped by nearly half as weak commodity prices forced energy firms to slash spending on new wells, Canada's No.

MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF ; FRANKFURT: 89N ) (“MAX Power ” or the “Company ”) is pleased to announce a major operational milestone with the selection of a premier ...