Well Services

UK says Baker Hughes-Altus deal may hurt competition in oil well services

November 22, 2022

Yahoo Finance Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice and lower quality services for

Basic Energy Services acquires well services business from NexTier to create leading well servicing provider in the U.S.

March 9, 2020

Basic Energy Services FORT WORTH, Texas–(BUSINESS WIRE)– Basic Energy Services, Inc. (OTCQX:BASX) (“Basic” or the “Company”) today announced that it has acquired the production operations from NexTier (NYSE:NEX) for a consideration of approximately $94 million.The NexTier production operations, known as C&J Well Services, originally established in San Angelo, Texas, in 1948 by Frank Pool, founder of Pool Well Servicing, is

Pioneer Natural Resources Company Reports Fourth-Quarter and Full-Year 2019 Financial and Operating Result -oilandgas360

Pioneer Natural Resources Company Reports Fourth-Quarter and Full-Year 2019 Financial and Operating Results; Provides 2020 Outlook

February 19, 2020

Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter and year ended December 31, 2019. Pioneer reported fourth quarter net income attributable to common stockholders of $344 million, or $2.06 per diluted share.

UK says Baker Hughes-Altus deal may hurt competition in oil well services

Basic Energy Services acquires well services business from NexTier to create leading well servicing provider in the U.S.

Pioneer Natural Resources Company Reports Fourth-Quarter and Full-Year 2019 Financial and Operating Results; Provides 2020 Outlook

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