Latest fracturing Stories

HOUSTON, March 13, 2012 /PRNewswire/ -- Baker Hughes Incorporated (BHI--NYSE) announced that its subsidiary has chartered a new state-of-the-art pressure pumping vessel that will provide offshore stimulation services to Maersk Oil in the North Sea. Upon completion, scheduled for late 2013, the Blue Orca(TM) will become the eighth vessel in the Baker Hughes fleet. "We are pleased to be working with Maersk Oil as we expand our current fleet into the North Sea," said Art Soucy,...

HOUSTON, Feb. 15, 2012 /PRNewswire/ -- C&J Energy Services, Inc. (NYSE: CJES) today reported net income of $53.4 million, or $1.00 per diluted share, for the fourth quarter of 2011, inclusive of a beneficial fourth quarter tax election. Net income for the third quarter of 2011 was $46.3 million, or $0.89 per diluted share, and $14.5 million, or $0.30 per diluted share, for the same quarter a year ago. Revenues for the fourth quarter of 2011 were $220.1 million compared to $229.0...

BOSTON, Feb. 8, 2012 /PRNewswire/ -- Leading U.S. investors today announced they have filed shareholder resolutions with Exxon-Mobil, Chevron, Chesapeake Energy, ConocoPhillips and 14 other oil and gas companies, pressing them to disclose their plans for managing environmental and workplace challenges including hydraulic fracturing, greenhouse gas emissions and worker safety. "The common thread of these resolutions is stronger management focus on environmental and social challenges...

ARLINGTON, Va., Feb. 7, 2012 /PRNewswire-USNewswire/ -- In the wake of recent earthquakes in unexpected, remote areas such as Ohio, the already controversial topic of "fracking" is heating up as new concerns percolate over potential environmental and public health impacts. Bringing together a panel of hydraulic fracturing thought leaders who represent a multi-dimensional viewpoint on the issue, Bloomberg BNA is hosting a two-hour webinar, Hydraulic Fracturing: Facts, Frictions, and...

In his State of the Union address, President Barack Obama praised the potential of the country's tremendous supply of natural gas buried in shale. He echoed the recommendations for safe extraction made by an advisory panel that included Stanford University geophysicist Mark Zoback. The panel made 20 recommendations for regulatory reform, some of which go well beyond what the president mentioned in his address. The topic is controversial. Breaking up rock layers thousands of feet...

HOUSTON, Feb. 6, 2012 /PRNewswire/ -- C&J Energy Services, Inc. (NYSE: CJES) ("C&J"), a leading provider of premium hydraulic fracturing, coiled tubing and pressure pumping services to the oil and gas industry, today announced that its management will be participating in the Credit Suisse Energy Summit to be held in Vail, Colorado. Management will be holding one-on-one meetings with institutional investors on February 9 and 10, 2012. C&J also reported that all...

HOUSTON, Feb. 2, 2012 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced record net earnings attributable to Kirby for the fourth quarter ended December 31, 2011 of $56.2 million, or $1.00 per share, compared with $31.6 million, or $.59 per share, for the 2010 fourth quarter. Consolidated revenues for the 2011 fourth quarter were a record $550.1 million compared with $286.3 million reported for the 2010 fourth quarter. The 2011 fourth quarter results included a $2.7...

LIVONIA, Mich., Jan. 30, 2012 /PRNewswire/ -- Foley, Baron & Metzger, PLLC, a Detroit-area law firm, has launched a new resource page at www.fbmlaw.com/blog in response to mounting claims and lawsuits from incidents related to hydraulic fracturing. Hydraulic fracturing, often called fracking, is a method of drilling for natural gas reserves, oil and geothermal energy in deep shale formations. Richard Baron, the environmental practice group leader at Foley, Baron & Metzger,...

HOUSTON, Jan. 24, 2012 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK - News) announced today that Kevin Fisher, Flotek Industries Executive Vice President of Global Business Development, will make a presentation at the Groundwater Protection Council's "2012 Underground Injection Control Conference." Mr. Fisher's presentation, "The Propagation of Hydraulic Fractures in the Subsurface: A Multi?Basin Study," will be made at the Houston conference...

HOUSTON, Jan. 5, 2012 /PRNewswire/ -- On Friday, January 6, 2012, C&J Energy Services, Inc. (NYSE:CJES), a leading provider of premium hydraulic fracturing, coiled tubing and pressure pumping services to the oil and gas industry, will visit the New York Stock Exchange and ring the opening bell to celebrate the company's initial public offering and listing on the New York Stock Exchange. Josh Comstock, President and Chief Executive Officer, will ring the Opening Bell. He will be...