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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
Analyst predicts smaller companies will consolidate to survive
Small companies in oilfield services are likely targets of consolidation in the next two years as they struggle to find capital, the head of global energy for Citibank said at an industry conference....
Nov 13, 2018
OFS - Analyst Notes - November 13, 2018
ProPetro (NYSE:PUMP; Nov. 7—$18.67; Strong Buy; PT—$24 to $25)ProPetro’s 3Q18 is demonstrative of the benefits of its customer-centric dedicated fleet model. Despite the completions slowdown...
Nov 13, 2018
Q3 earnings deliver message: Check back in 2019
It wasn’t hard to find a common theme in Q3 service-sector earnings. Basically, companies said Q3 was rough and Q4 won’t be any better—but don’t lose faith because good times will return in 2019....
Nov 13, 2018
Park buys Chesapeake Energy’s compression business
Chesapeake Energy sold substantially all the assets of subsidiary MidCon Compression to Park Energy Services for an undisclosed amount. The deal includes a multi-year agreement under which Park will...
Nov 13, 2018
Stock slide evens Ensign and Precision offers for Trinidad
Ensign Energy Services is defending its hostile takeover bid for Calgary-based Trinidad Drilling even though Trinidad accepted a competing bid from Precision Drilling. Precision’s all-stock offer at...
Nov 13, 2018
Fred. Olsen ready to sell prized drillship to restructure debt
Fred. Olsen Energy is looking to sell the ultra-deepwater drillship Bolette Dolphin as part of its restructuring plan. The Norwegian driller previously said it would scrap another drillship and a...
Nov 13, 2018
Maersk signs cooperation deal with Wintershall
Maersk Drilling agreed to sell the Maersk Giant jackup to an Australasian independent operator that will use it for operations in that corner of the world. Financial terms were not disclosed for the...
Nov 13, 2018
Hedge fund buys up Rowan stock and questions Ensco merger
Hedge fund Canyon Capital Advisors is pressuring Rowan Companies to challenge the merger with Ensco after it spent $107 million in October to become Rowan’s fifth largest shareholder. Rowan and Ensco...
Nov 13, 2018
OFS - People Briefs - November 13, 2018
Oceaneering International promoted Mark Peterson to VP of corporate development and investor relations. Peterson’s career includes more than six years with Oceaneering in the role of VP of corporate...
Nov 13, 2018
OFS - News Briefs - November 13, 2018
KLX Energy Services completed its acquisition of Motley Services, a provider of well completion and intervention services for longer-lateral horizontal wells. Motley’s large-diameter coiled...
Nov 13, 2018

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