Dialing Oilfield Days Sales Outstanding Down to Zero and Freeing Up Cash for Growth
The sun rises on a wellsite in North Dakota where hydraulic fracturing operations have been running through the night. A line of water-hauling trucks idles nearby, keeping a steady supply flowing downhole. Handwritten field tickets for those loads exchange hands, only to get stuffed in a truck door or tossed onto a dashboard. With up […]
Why Digital Field Tickets Are the Oilfield’s Most Underrated Profit Solution
Ask any oilfield operations manager what slows down invoicing and you’ll hear it every time: submitting field tickets from the job site to the office. These tickets are the handshake confirming work was done, but when they’re trapped on paper, buried in emails or scattered across spreadsheets; mistakes and delays pile up fast. And when […]
How Oilfield Service Companies Can Stay Profitable in an Uncertain Market
If you’ve spent any time in the oilfield services industry, you know it’s a cyclical business. When times are good, you’re on speed dial for work. When times are tight, you’re the first to feel it. And right now, with so much uncertainty in the market, profitability becomes the top priority to sustain your business. […]
Discover the 5 Reasons You’ll Love the New Enverus Oilfield Services Directory
Discover how the Enverus OFS Directory can elevate your oilfield services business. Learn the top 5 benefits of joining, from real-time bid tracking to direct communication with operators, helping you gain visibility and win new contracts.
How to Increase Bid Opportunities in the Oil & Gas Industry With the OFS Directory
In today’s oil and gas industry, standing out and securing visibility with operators has become increasingly challenging. As traditional marketing channels lose their effectiveness, oilfield service providers are left looking for powerful ways to showcase their strengths and seize valuable business opportunities. I understand the struggle well. As a marketing professional, I’m constantly on the […]
Accelerating Market Insights With Energy Focused AI
Discover the exclusive benefits of Instant Analyst, the generative AI transforming energy market insights. Built on a decade of pioneering research, it offers precise and trustworthy analysis tailored for energy professionals.
U.S. day rates flat but surveyed drillers downplay prospects
The U.S. composite day rate slipped just $2 lower in July to $22,921, according to the Enverus Day Rate Survey. While the miniscule decline was a dramatic change from June’s $308 plummet, an immediate recovery seems unlikely, as drillers surveyed in July were much more likely than June respondents to see stagnating rig demand. Roughly […]
As frac upgrades swoop in, some see potential pricing pressure
Pressure pumping companies are expanding their dual-fuel and electric frac fleets, reporting continued high demand for this next-generation equipment. While lead fracking contractors have tried to keep horsepower steady by deactivating fleets powered by Tier 2 diesel engines, RPC Inc., the owner of Cudd Pressure Pumping, noted in its July 25 earnings call that the […]
H&P goes global, agreeing to buy KCA Deutag for nearly $2B
Helmerich & Payne Inc. reached a definitive agreement to acquire Aberdeen-based KCA Deutag International Ltd. for $1.9725 billion cash, dramatically accelerating its international expansion.
Navigating the Depths: Unlocking Canadian Wells With Stage-by-Stage Insights
In the pursuit of capital efficiency, operators strive to continually improve drilling and completion performance, especially in the challenging landscapes of Canada’s unconventional plays.