IHS Acquires PacWest Consulting Partners

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It is our sincere pleasure to announce that PacWest Consulting Partners has been acquired by IHS Inc. (NYSE: IHS – www.ihs.com). IHS is a leading global provider of business information, insight, and analytics for a wide range of capital-intensive sectors including the energy industry.

Both the PacWest and IHS teams are extremely excited about the positive impact that this acquisition will have on the value that we deliver to you and your organization.  You can find the full text of the official news release here.

First and foremost, we want to assure you that delivery of your current PacWest products and services will continue uninterrupted and your account contact will remain the same. You can expect the same level of insight and service that you have become accustomed to receiving from PacWest.

Over the past four years, the PacWest team has built the leading suite of market intelligence products covering global unconventional oilfield services and equipment markets, as well as the leading strategy consultancy serving the global oilfield services and equipment value chain. We are proud of what we have accomplished and expect that as part of IHS we will be able to develop new, market-leading products that offer unparalleled market insights covering emerging and underserved topics.

As you may know, IHS offers a broad array of energy-related data, research, consulting, and advisory services.  IHS has been delivering critical data, insights, and consulting services to its customers for more than 50 years and became a publicly traded company on the New York Stock Exchange in 2005. The company is headquartered in Englewood, Colorado, USA, and employs more than 8,000 people in more than 30 countries around the world.  We are excited about combining the talents, vision, analytical tools, and data of IHS and PacWest to enhance and expand our suite of products and services.

We will continue to support all existing products and platforms from PacWest while actively exploring opportunities to enhance and expand the range of products that we provide to our customers.  This new alignment will strengthen our ability to provide you with even better, actionable insights.

We would like to personally thank you for your business and support to-date. Please continue to interact with your existing PacWest contacts as we proceed through our transition. We are excited about the opportunity to continue serving your needs.

 

Proppant Pricing Survey

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PacWest Consulting is sponsoring a pricing survey for market research; It is intended for proppant buyers and sellers.

Frac Sand Survey. To fill it out, visit: https://www.surveymonkey.com/s/BB2N3S6

Ceramics Survey. To fill it out, visit: https://www.surveymonkey.com/s/RPLFGPZ

The results of the surveys will be used in aggregate

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and individual responses will not be analyzed or stored.

PacWest Water Forecasts in West Texas

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Shale Plays Media shares an article on the projections for water used by the oil and gas industry in the Permian Basin. It continues to increase through 2014, and the trend is expected to continue.

PacWest Consulting Partners in Houston just last month estimated the oil industry would use 540 million barrels of water in 2014 — almost all of it, for hydraulic fracturing. It reflected a stark upward revision by the firm, one of the few that tracks industry water usage by region. In February, the PacWest anticipated 375 million barrels would be used through the end of the year.

That level of demand means more and more oil companies will seek alternative water strategies and more water-sourcing companies will seek to provide them, said Chris Robart, a partner with PacWest.

“It’ll continue to mature in the Permian Basin,” Robart said. “There is a lot of consolidation that is happening right now across all the service companies and pure-plays, as far as water transfer or water storage, who

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want to go to market with a competitive service around water.”

full article at http://eaglefordtexas.com/news/id/137603/oil-show-west-texas-welcomes-water-wildcatters/

PacWest Presents with Industry Experts at Shale Water Expo 2014

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Industry experts with extensive shale water experience gathered at the Shale Water Expo 2014 this week to share insights and experience. PacWest partner, Alexander Robart and principal, Francesco Ciulla presented on Water Trends and Infrastructure.  Robart discussed Water Management Services in the Eagle Ford: Trends & Reality, while Ciulla covered The Operational Shift: E&P Infrastructure for Oilfield Water Management.  Presentation slides are available upon request, please contact: jthomas@pacwestcp.com or 713.929.3285

Baker Hughes & Weatherford Comment on Proppant Usage

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The demand for frac sand continues! “Most customers are pumping as much as they can,” said Iain McIntosh, vice president at Baker Hughes. The company had seen the use of sand, or proppant, double, McIntosh said.

Another service firm operating in the Marcellus area, Weatherford, “had

seen proppant volumes shoot up 50 per cent in the first quarter of 2014,” its director of strategic marketing for pressure pumping Robert Fulks said.

“Texas-based market intelligence firm PacWest Consulting Partners says the Marcellus will require more than 13 billion pounds (5.9 billion kg) of frack sand in 2014, up from 9.6 billion pounds (4.35

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billion kg) in 2013. In 2015, that’s expected to increase to nearly 15.8 billion pounds.”

Read full article at https://au.finance.yahoo.com/news/more-fracking-means-more-sand-020106059.html

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