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China’s Sinochem Group has tapped three banks, including Morgan Stanley (NYSE: MS), to work on the possible Hong Kong listing of its key oil assets.
Sand use per well rises, but fewer wells result in lower proppant demand. Sand pricing is down as much as 50% versus peak ceramics rapidly losing marketshare.
The drop in commodity prices is forcing operators to re-examine efficiency in drilling and completion.
Wireline logging remains the most common method of downhole data acquisition.