- In June 2025, Chevron U.S.A. Inc. and Halliburton introduced a groundbreaking intelligent hydraulic fracturing process in Colorado. This closed-loop, feedback-driven system integrates automated stage execution with real-time subsurface feedback, optimizing energy delivery into the wellbore without human intervention. The innovation builds upon previous autonomous hydraulic fracturing technology, leveraging digital automation to enhance efficiency and asset performance
- In January 2025, Halliburton and Coterra Energy introduced the first fully automated hydraulic fracturing program in North America. Their Octiv® Auto Frac service, part of the ZEUS platform, enables push-button automation for stage execution, eliminating manual intervention. This breakthrough makes Coterra the first operator to fully automate and control its hydraulic fracturing design and execution. The initial rollout resulted in a 17% increase in stage efficiency, demonstrating significant improvements in operational performance
- In June 2023, NexTier Oilfield Solutions and Patterson-UTI Energy entered into a definitive all-stock merger agreement, creating a leading drilling and completions services provider. The combined company, valued at, operates across major U.S. basins, offering 172 super-spec drilling rigs and 3.3 million hydraulic fracturing horsepower. This merger strengthens its technology-driven portfolio, enhancing efficiency and market reach
- In January 2023, ProFrac Holding Corp. acquired REV Energy Holdings, LLC, a privately owned pressure pumping service provider operating in the Eagle Ford and Rockies. The acquisition strengthens ProFrac’s footprint in South Texas and the Rockies, enhancing its service capabilities. REV operates three premium frac fleets, totaling 204,500 hydraulic horsepower, with opportunities for upgrades through DGB engines and idle reduction systems. This strategic move aligns with ProFrac’s expansion goals in North American unconventional oil and gas resources
- In December 2022, ProPetro Holding Corp. signed an agreement with a leading Permian Basin operator to deploy its first electric-powered hydraulic fracturing fleet. Under this three-year contract, ProPetro will provide committed services following the fleet’s delivery. The e-fleet will initially use Tier IV DGB (Dynamic Gas Blending) dual-fuel equipment, transitioning to full electric operation upon deployment. This move marks a significant step in reducing emissions and optimizing hydraulic fracturing efficiency
