Halliburton, Coterra Launch Automated Hydraulic Fracturing Project

MT Newswires Live

Jan 07, 2025

Halliburton (HAL) and Coterra Energy (CTRA) launched an autonomous hydraulic fracturing program in North America.

Coterra is the first operator to automate its hydraulic fracturing design and execution projects fully. The Octiv Auto Frac service adds new features to Halliburton's Zeus fracturing platform and its electric pumping units and fracture monitoring service, the companies said.

"The initial rollout of this service led to a 17% increase in stage efficiency," the companies said Monday in a statement. "Based on these results, Coterra deployed the Octiv Auto Frac service to its remaining completion programs that Halliburton executes in the Permian Basin."

Financial details weren't disclosed.

Halliburton shares rose 1.2% in recent Monday trading, and Coterra gained 1.5%.

Price: 28.00, Change: +0.32, Percent Change: +1.16

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The Octiv Auto Frac service adds new features to Halliburton's Zeus fracturing platform and its electric pumping units and fracture monitoring service, the companies said.</p><p>\"The initial rollout of this service led to a 17% increase in stage efficiency,\" the companies said Monday in a statement. \"Based on these results, Coterra deployed the Octiv Auto Frac service to its remaining completion programs that Halliburton executes in the Permian Basin.\"</p><p>Financial details weren't disclosed.</p><p>Halliburton shares rose 1.2% in recent Monday trading, and  Coterra gained 1.5%.</p><p>Price: 28.00, Change: +0.32, Percent Change: +1.16</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001440.SGD","symbol_name":"United Global Dividend Equity Fund A SGD Dist","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2501254620","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501254620","pubTimestamp":1736180821,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The Octiv Auto Frac service adds new features to Halliburton's Zeus fracturing platform and its electric pumping units and fracture monitoring service, the companies said.\"The initial rollout of this service led to a 17% increase in stage efficiency,\" the companies said Monday in a statement. \"Based on these results, Coterra deployed the Octiv Auto Frac service to its remaining completion programs that Halliburton executes in the Permian Basin.\"Financial details weren't disclosed.Halliburton shares rose 1.2% in recent Monday trading, and  Coterra gained 1.5%.Price: 28.00, Change: +0.32, Percent Change: +1.16","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}