fracking

Evolve: Sourcewater leads upstream firms down to the waterside

A photograph of a man sitting in a room and facing the camera.

This fireside chat recap is from Wednesday’s Evolve: The Next Evolution of Oil & Gas, a virtual summit presented by Digital Wildcatters and FreightWaves.

FIRESIDE CHAT TOPIC: The energy intelligence revolution: AI, machine learning and geospatial big data. 

DETAILS: Max Gagliardi chats with Josh Adler about Sourcewater’s origins and the company’s role in helping upstream companies find water resources for their fracking operations through the use of satellite imagery, regulatory data and...

https://www.freightwaves.com/news/evolve-sourcewater-leads-upstream-firms-down-to-the-waterside

Texas fracking servicer files for Chapter 11 bankruptcy

Texas fracking services provider FTS International Inc. (NYSE: FTSI) filed for Chapter 11 bankruptcy Tuesday, citing slumping oil and gas prices caused by a severe dropoff in demand during the coronavirus pandemic.

Fort Worth-based FTS International listed assets totaling $517.2 million and debts totaling $535.3 million. The company filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas in Houston.

In its Chapter 11 filing, FTS noted between 200 and 999...

https://s29755.pcdn.co/news/texas-fracking-servicer-files-for-chapter-11-bankruptcy

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