Even though operators have increased horizontal rigs in the Denver-Julesburg Basin, there are mixed messages whether drilling activity is actually rising in the Greater Rockies' market.
High attrition is expected to ease the excess drilling supply, bringing a supply and demand balance in 2017.
The JV comes about six months after Golar and Schlumberger said they signed a memorandum of understanding.
Midcontinent service providers anticipate an increase in well stimulation pricing from the current average of $38,000 per stage, largely reflecting activity in the Scoop and Stack plays.
Harold Hamm, who endorsed Trump in April and spoke at the Republic National Convention on July 20, shrugged at the notion.
U.K.-based Wood Group was given a major boost with the recent award by U.S. player Noble Energy Inc. of a FEED and detailed design contract for a fixed platform on the Leviathan gas field development offshore Israel.
The subsalt Miocene project is another sign of how operators are relying on subsea tiebacks to reduce both costs and startup times.