• Brent crude futures dipped 4 cents at press time to $107.55 a barrel after rising 2.1% in the previous session. U.S. West Texas Intermediate crude dropped 49 cents, or 0.5% to $104.87 a barrel.
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This Week’s Market Buzz
• Following reports that Russian forces further invaded Ukraine, Intermediate (WTI) crude oil have increased to more than $100 per barrel (b). The front-month Brent contract price closed just below $115/b at press time. The Brent crude oil price last rose above $100/b in late 2014. The front-month WTI contract price closed above $110/b at press time, after previously settling…
Read MoreSchlumberger Limited, Liberty Oilfield Services Do Deal
Schlumberger Limited SLB has completed the deal with smaller rival, Liberty Oilfield Services Inc. LBRT, to contribute its onshore hydraulic fracturing business in the United States and Canada, known as OneStim.
Read MoreHi-Crush, Liberty Partner to Increase Efficiencies in Colorado
Hi-Crush Partners LP and Liberty Oilfield Services jointly announced the achievement of operational milestones for sand volumes, unit train deliveries and efficiency gains during the fourth quarter of 2015.
Read MoreSandBox Logistics Signs Colorado Agreement
SandBox Logistics signed a five-year contract with Liberty Oilfield Services to deploy its proprietary system for the transportation, site-storage and delivery of frac sand to Liberty’s wellsite operations in the DJ Basin of Colorado. The company provides trans-loading, storage and last-mile delivery of frac sand through the use and application of SandBox’s patented sand-management processes and mobile ISO containers.
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