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The recent decline in the global crude oil prices has negatively affected the E&P activities which is prominently visible with the sharp decline in the global rig count. The oil & gas rig count decreased from 1,350 rigs in May 2014 to 1,158 rigs in May 2015. Among all the regions, North America has faced the largest decline in rig count with nearly 53% decline in the oil & gas rigs between May 2014 and May 2015. Despite the decline in the rig count, the production of oil & gas has increased from 10.069 mbpd in 2013 to 11.644 mbpd in 2014. Thus, even though the exploration related oilfield services might be facing a decline but the production related oilfield services are expected to increase in the future. Also, the OPEC countries are also expected to achieve their collective production target of 30 mbpd in 2015 which will further increase the demand for oilfield services. Meanwhile, declining petroleum production from countries such as Thailand and Indonesia within the Asia-Pacific region is also expected to boost the oilfield services market as well intervention and stimulation activities can help slow down the production decline. Oilfield services can also be used for operations such as well logging, gas lift valve repair, perforation, zonal isolation, well stimulation, sand washing, and setting/pulling tubing plugs. Oilfield services also include the services that are used to help the operators explore and produce from oil & gas reservoirs. The oilfield services is further composed of services such as well intervention services, pressure pumping services, well completion equipment & services, and drilling waste management services among others. The size of the overall market has been determined by forecast techniques based on region-wise E&P capital expenditure along with the well count, rig count, and oil & gas production in different regions, which have been validated through secondary and primary sources. The market is growing at a CAGR of approximately 5.0% from 2015 to 2020. Oilfield services have been classified on the basis of the application type into onshore and offshore applications which differ on the basis of land/ water based E&P activity. This report forecasts the oilfield services market in terms of value in USD Million. This has been segment into component regions, which has been further split into countries. This report also includes the profiles for leading oilfield services providers, and equipment manufacturers, such as: Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), National Oilwell Varco Inc. (U.S.), and Weatherford International (Ireland), Nabors Industries Ltd (Bermuda), Trican Well Service Ltd. (Canada), Precision Drilling Corporation (Canada), Calfrac Well Services Ltd. (Canada), Archer Limited (Bermuda), Basic Energy Services Inc. (U.S.), Key Energy Services (U.S.), Expro International Group (U.K.), and Pioneer Energy Services (U.S.). For sample copy of this report http://www.rnrmarketresearch.com/contacts/request-sample?rname=175238 Scope of the report: This study estimates the global market of oilfield services, in terms of dollar value, till 2020. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. The report also covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the oilfield services market. Various secondary sources have been considered including encyclopedias, directories, and databases to identify and collect information that is useful for this extensive commercial study of the global oilfield services market. The primary sources involve experts, manufacturers, and utility providers from the industry have all been interviewed to obtain and verify critical information, as well as assess future prospects of the global oilfield services market. On the basis of service type: Coiled Tubing Services, Well Completion Equipment & Services, Well Intervention Services, Pressure Pumping Services, OCTG, Drilling Waste Management Services, Drilling & Completion Fluids Services, and Wireline Services. On the basis of applications: Onshore, and Offshore. On the basis of regions: North America, Europe, South America, Asia-Pacific, Africa, and the Middle East.


News Article | November 18, 2016
Site: www.PR.com

Europe Wireline Services Market Report provides comprehensive information on the Wireline Services Market .it highlights the European market scenario with focus on some key regions including UK, France, Italy, Germany, Spain, Russia and Benelux. Albany, NY, November 18, 2016 --( Request for Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=861485 The report begins with the brief overview of wireline service along with its classification and applications. Wireline services have been used for broad-ranging activities in oil and gas industry. It is the electrical cabling technology used for lowering measurement equipment into the well for intervention process, pipe recovery activities and reservoir assessment. Oil and gas well operators find this technology dynamic for different processes which includes exploration, production, stimulation, drilling, intervention and completion. These services continues to rise in the oilfield due to the growing cabling needs in the oil and gas industry. Wireline services market is estimated to reach $4.77 billion by 2021 due to some key factors like increasing global oil and gas exploration owing to its rising demand. Further, the report segments the market by product type and application. On the basis of type it can be divided into: electric line and stick line, whereas, by application it is segmented as- oil exploration, well drilling & others. The well completion segment detained the largest share with more than 60 % in total wireline services. Browse Full Info with TOC: http://www.marketresearchhub.com/report/europe-wireline-services-market-report-2016-report.html According to the report, Europe and Asia Pacific are growing rapidly in terms of market demand. The growing discoveries of reserves and rising requirement to maintain and boost the recovery rates from these hydrocarbon resources are driving the wireline service market. In addition to this, a comprehensive list of key market players along with the detailed study of their current strategic welfares and key financial data are given which enables an in-depth understanding of the competitive landscape. Some of the top players in the wireline services market are: National Oilwell Varco Inc. Baker Hughes Incorporated Pioneer Energy Services Corporation Schlumberger Limited Halliburton Company Oilserv Superior Energy Services Incorporated C&J Energy Services Incorporated Expro International Group Holdings Ltd. Archer Limited Weatherford International Basic Energy Services Wireline Engineering Ltd. All of the primary players are trying to invade the markets in evolving economies and are also adopting various strategies to increase their market share. With some new and upcoming technologies, companies have observed rapid technological developments and enhanced the performance which provides cost benefits to the well operators. About Us Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps. MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients. Contact Us 90 State Street Albany, NY 12207, United States Toll Free : 866-997-4948 (US-Canada) Tel : +1-518-621-2074 Email : press@marketresearchhub.com Website : http://www.marketresearchhub.com Albany, NY, November 18, 2016 --( PR.com )-- A latest report has been added to the archive of Market Research Hub. The report focuses on the European market of wireline services. It is titled “Europe Wireline Services Market Report 2016.” The report highlights the European market scenario with focus on some key regions including UK, France, Italy, Germany, Spain, Russia and Benelux.Request for Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=861485The report begins with the brief overview of wireline service along with its classification and applications. Wireline services have been used for broad-ranging activities in oil and gas industry. It is the electrical cabling technology used for lowering measurement equipment into the well for intervention process, pipe recovery activities and reservoir assessment. Oil and gas well operators find this technology dynamic for different processes which includes exploration, production, stimulation, drilling, intervention and completion. These services continues to rise in the oilfield due to the growing cabling needs in the oil and gas industry.Wireline services market is estimated to reach $4.77 billion by 2021 due to some key factors like increasing global oil and gas exploration owing to its rising demand. Further, the report segments the market by product type and application. On the basis of type it can be divided into: electric line and stick line, whereas, by application it is segmented as- oil exploration, well drilling & others. The well completion segment detained the largest share with more than 60 % in total wireline services.Browse Full Info with TOC: http://www.marketresearchhub.com/report/europe-wireline-services-market-report-2016-report.htmlAccording to the report, Europe and Asia Pacific are growing rapidly in terms of market demand. The growing discoveries of reserves and rising requirement to maintain and boost the recovery rates from these hydrocarbon resources are driving the wireline service market. In addition to this, a comprehensive list of key market players along with the detailed study of their current strategic welfares and key financial data are given which enables an in-depth understanding of the competitive landscape. Some of the top players in the wireline services market are:National Oilwell Varco Inc.Baker Hughes IncorporatedPioneer Energy Services CorporationSchlumberger LimitedHalliburton CompanyOilservSuperior Energy Services IncorporatedC&J Energy Services IncorporatedExpro International Group Holdings Ltd.Archer LimitedWeatherford InternationalBasic Energy ServicesWireline Engineering Ltd.All of the primary players are trying to invade the markets in evolving economies and are also adopting various strategies to increase their market share. With some new and upcoming technologies, companies have observed rapid technological developments and enhanced the performance which provides cost benefits to the well operators.About UsMarket Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.Contact Us90 State StreetAlbany, NY 12207,United StatesToll Free : 866-997-4948 (US-Canada)Tel : +1-518-621-2074Email : press@marketresearchhub.comWebsite : http://www.marketresearchhub.com Click here to view the list of recent Press Releases from Market Research Hub


FORT WORTH, Texas, March 2, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that its management will be presenting at the Raymond James & Associates' 38th Annual Institutional Investors Conference to be held in Orlando, FL on March 7, 2017. Alan...


Patent
Basic Energy Services | Date: 2014-02-10

Chlorine dioxide (ClO_(2)) is produced by apparatus and methods wherein a ClO_(2 )gas produced in the apparatus is quickly introduced into a fluid stream to be treated with said gas. To this end, the apparatus has an interior chemical reaction chamber which houses an internal fluid flow tube having a fluid impervious upper section and a porous lower section that respectively define two zones within the interior chemical reaction chamber.


News Article | November 21, 2016
Site: www.prnewswire.com

FORT WORTH, Texas, Nov. 21, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") announced today that the New York Stock Exchange ("NYSE") has accepted the Company's plan for continued listing on the NYSE. As a result, Basic's common stock will continue...


News Article | December 9, 2016
Site: www.prnewswire.com

FORT WORTH, Texas, Dec. 9, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged...


FORT WORTH, Texas, Dec. 22, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company received approval to list its new common stock with the new CUSIP number 06985P 209 (the "New Common Shares") on the New York Stock Exchange...


News Article | February 27, 2017
Site: www.prnewswire.com

FORT WORTH, Texas, Feb. 27, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today that it has signed an agreement to purchase 74,000 hydraulic horsepower (hhp) to be used in two frac spreads.  The total all-in cost of the 74,000 hhp and additional associate...


FORT WORTH, Texas, Feb. 22, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its fourth quarter and year end 2016 financial results after the market closes on Thursday, March 23, 2017. In conjunction with the release, Basic has...


FORT WORTH, Texas, Dec. 23, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company and its affiliated chapter 11 debtors have successfully completed their prepackaged restructuring and recapitalization plan (the...

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