Liberty Oilfield Services Inc. announced first quarter 2021 financial and operational results, with revenue of $552 million and a net loss of $39 million, or $0.21 fully diluted loss per share, for the quarter ended March 31.
Read MoreDay: May 16, 2021
Rystad: Producers Could See Record-High Hydrocarbon Revenue
The U.S. shale industry is set to achieve a significant milestone in 2021: If WTI futures continue their strong run and average at $60 per barrel this year and natural gas and NGL prices remain steady, producers can expect a record-high hydrocarbon revenue of $195 billion before factoring in hedges, a Rystad Energy analysis shows. The previous record of $191…
Read MoreSource Energy Service Touts First Quarter Results
Source reported that it made significant changes to the company’s balance sheet and cost structure in the first quarter of 2021. These initiatives put Source in a solid position to benefit from the return of completion activities in the Western Canadian Sedimentary Basin (WCSB).
Read MoreSmart Sand Inc. Announces First Quarter Tonnage Increases
Smart Sand Inc. announced results for the first quarter 2021.
Read MoreThis Week’s Market Buzz
Oil prices rose at press time, as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Brent crude oil futures were up $1.23, or 1.8%, at $68.28 a barrel by 1349 GMT and West Texas Intermediate (WTI) crude was up $1.12, or 1.8%, at $64.94.
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