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The all-stock deal doubled Liberty’s working pressure-pumping capacity without adding any debt to its balance sheet, while Schlumberger retains a 37% equity interest.

The two Calgary-based heavy-oil companies have closed on their all-stock deal that was valued at around $2.9 billion when it was announced in October.

BP agreed 1 year ago to sell its interests to Premier Oil for $625 million. The companies later restructured the deal and BP lowered its cash value to $210 million. The transaction fell through after Premier was taken over by Chrysaor in October 2020.

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A trio of field studies recently presented at the 2020 SPE Annual Technical Conference and Exhibition highlights in different ways how emerging technology and old-fashioned problem solving are moving the industry needle on proppant and conductivity control.

Sinopec is moving on to Phase 2 at its Weirong shale-gas development in Sichuan province after having completed Phase 1 by drilling 56 new wells over the past year and building new infrastructure to support increased natural gas production.

The firm has been working to spin off Technip Energies, creating two companies, with Technip Energies focused on engineering and technology and the remaining TechnipFMC focused on providing integrated technology and services.

Hisham Nasr-El-Din, an SPE Distinguished Member, professor, and scholar in stimulation and oilfield chemistry, died 3 July.

SPE Journal

SPE’s mission as a journal publisher is to provide readers with content they can trust on cutting-edge solutions and technical advances in the oil and gas field. SPE also understands the value to researchers to publish in a well-respected journal and to get their research out there quickly. We are pleased to say that in 2020 SPE continues making great strides in every…