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Monday, July 15, 2019

Notes From All Over -- Part 3, July 15, 2019 -- Williston Airport, Halliburton, Rig Counts

Rig counts: the Permian led the US in rig count decline last week. Link here for those interested.
  • almost a 1,000 active rigs in the US
  • about 500 rigs in Texas
  • 60 rigs in North Dakota: #2 producer in the US with 6% of all active rigs in the US
  • about 30 rigs in McKenzie County, the #1 producing county in the US; about 3% of all rigs in the US
  • doing more with less
EIA dashboards:
Enplanements, Williston airport
Wow, this is amazing. I did not see this coming --
  • Halliburton celebrated its 100th anniversary
  • but get this: Halliburton opened its new home in the old Baker Hughes facility -- HalWest
  • Halliburton built a "much larger cement plant" at HalWest
  • from the Halliburton website:
Cement: In 1922, Halliburton quickly became the leading authority on cementing with the patented jet mixer, and its book of cementing tables remains the industry standard today. Over the past century, Halliburton has continued to pioneer cementing innovations, from equipment to slurry design to 3D modeling and predictive analysis. Today, Halliburton has more than one hundred cement labs around the world, providing fast and local tailoring to customer needs. And even as Halliburton has added other capabilities to its portfolio, cementing remains at the heart of its operations.
    Hydraulic fracking: Although Erle P. Halliburton started his company with a revolutionary cementing process, it was the foray into hydraulic fracturing that transformed his company into a global oilfield services leader. In 1949, Halliburton performed its first commercial hydraulic fracturing job on an oil well 12 miles east of Duncan, Oklahoma. Today, the Halliburton Production Enhancement product service line has the biggest global presence among the Company’s fourteen product service lines. In 2012, Halliburton introduced Frac of the Future, a new approach to fracturing that, in addition to providing improved productivity and efficiency for operators, addressed health, safety, and environmental concerns. Utilizing advances in pumping design, sand delivery, and pump monitoring, Halliburton sought to reduce each job’s footprint, emissions, and risks to personal safety and the environment.

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