NORTH AMERICA PRESSURE PUMPING MARKET ANALYSIS

Market News

North America Pressure Pumping Market Key Developments 

• On 24^th March 2017, Schlumberger announced an agreement to create OneStim, a joint venture with Weatherford to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets. This venture helped the company in gaining efficiency and further improve the technology of their operations.
• On 22^nd March 2018, Trican Well Service Ltd. acquired all the issued and outstanding common shares of Canyon Services Group Inc. This acquisition was done in order to become Canada’s premier pressure pumping company.
• On 20^th April 2017, Patterson-UTI, a pressure pumping Service Company in the U.S. merged with Seventy Seven Energy Inc. This acquisition was initiated in order to expand the company’s drilling and pressure pumping services in the U.S. market during the future period.