Pressure Pumping Business definition

Pressure Pumping Business means the business of providing pressure pumping services on a world-wide basis to integrated oil and gas companies, independent oil and gas companies, national oil and gas companies, major and independent oil and natural gas producing companies, for the purpose of completing new oil and natural gas wells, maintain existing oil and natural gas wells, and to enhance the production of oil and natural gas from formations in reservoirs, and include cementing services and stimulation services, such a fracturing, acidizing, sand control, and nitrogen services. The Pressure Pumping Business does not include the manufacturing or sale of the chemicals and fluids produced and sold by the Engineered Chemistry Business or with respect to the United States the drilling fluids produced and sold by the Integrity Business.
Sample 1
Pressure Pumping Business means Seller A’s business of utilizing pressure pumping and fracturing equipment to provide the following services to customers in the oil and natural gas exploration and production industry: primary cementing services and fracturing (regardless of fluid type used) and acidizing well stimulation services. For the avoidance of doubt, the Pressure Pumping Business does not include (i) any operations outside of the United States, (ii) any operations in the State of California, (iii) coiled tubing services, including nitrogen and acidizing services performed in conjunction therewith, (iv) plugging and abandonment services; (v) acidizing services ancillary to the performance of fluid management services provided by an affiliate of Seller A or (vi) any pressure pumping services associated with cementing other than primary cementing.
Sample 1Sample 2
Pressure Pumping Business means the business of providing pressure pumping services on a world-wide basis to integrated oil and gas companies, independent oil and gas companies, national oil and gas companies, major and independent oil and natural gas producing companies, for the purpose of completing new oil and natural gas wells, mxxxxxin existing oil and natural gas wells, axx xx enhance the production of oil and natural gas from formations in reservoirs, and include cementing services and stimulation services, such a fracturing, acidizing, sand control, and nitrogen services. The Pressure Pumping Business does not include the manufacturing or sale of the chemicals and fluids produced and sold by the Engineered Chemistry Business or with respect to the United States the drilling fluids produced and sold by the Integrity Business.
Sample 1

Examples of Pressure Pumping Business in a sentence

  • Therefore, the pro forma adjustments to equity in income (loss) of equity method investments for the periods presented reflect 46.69% of the historical results of operations of the contributed Onshore Pressure Pumping Business only.

  • Pressure Pumping Business Over the last three years, we have invested more than $100 million on new capital equipment in this business.We invested $48 million in 2007, with a large amount of that directed towards upgrading our fracturing capabilities.

  • Reflects the elimination of the estimated revenue, cost of revenue, research and engineering expenses, marketing, general and administrative expenses, impairment and restructuring charges, and goodwill impairment attributable to the historical Onshore Pressure Pumping Business disposed of in exchange for 46.69% interest in BJ Services and cash of $150 million for the periods presented.

  • Additionally, an adjustment of $48 million for tax benefits was made to reflect a reduction in valuation allowances on deferred tax assets, which Baker Hughes would recognize on a pro forma basis when excluding the results of the Onshore Pressure Pumping Business.

  • Therefore, the pro forma adjustments to equity in income (loss) of equity method investments for the periods presented reflect 46.69% of the Baker Hughes Incorporated Notes to the Unaudited Pro Forma Consolidated Condensed Financial Statements historical results of operations of the contributed Onshore Pressure Pumping Business only.


More Definitions of Pressure Pumping Business

Pressure Pumping Business means hydraulic fracturing (including proppant fracturing and acid fracturing, but excluding low rate acidizing) and perforating gun pump down services and expressly excluding cementing, acidizing, sand control gravel packing, related types of miscellaneous pressure pumping services, and coiled-tubing related services.
Sample 1

Related to Pressure Pumping Business

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Pressure means the total load or force per unit area acting on a surface.

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Exfiltration means any unauthorized release of data from within an information system. This includes copying the data through covert network channels or the copying of data to unauthorized media.

  • Diatomaceous earth filtration means a process resulting in substantial particulate removal in which a precoat cake of diatomaceous earth filter media is deposited on a support membrane (septum), and while the water is filtered by passing through the cake on the septum, additional filter media known as body feed is continuously added to the feed water to maintain the permeability of the filter cake.

  • Landfill Gas means any gas derived through any biological process from the decomposition of waste buried within a waste disposal site.

  • Pressure vessel means containers for the containment of pressure, either internal or external. This pressure may be obtained from an external source or by the application of heat from a direct or indirect source, or any combination thereof.

  • Reid vapor pressure means the vapor pressure of crude oil or other volatile petroleum products at 100 degrees Fahrenheit as determined by the latest edition of ASTM D6377 (RVPE): Standard Test Method for Determination of Vapor Pressure of Crude Oil.

  • Transportation network company driver or “driver” means an

  • Gas means any mixture of hydrocarbons and noncombustible gases in a gaseous state consisting primarily of methane.

  • Compressed natural gas means a mixture of hydrocarbon gases and vapors that consists primarily of methane in gaseous form that has been compressed for use as a fuel to propel a motor vehicle.

  • Transportation network company rider or “rider” means an

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Train Mile means, in relation to a train, or a portion of a train, a mile travelled by that train, or that portion of a train, on the Network;

  • Backpressure means a pressure (caused by a pump, elevated tank or piping, boiler, or other means) on the consumer's side of the service connection that is greater than the pressure provided by the public water system and which may cause backflow.

  • Solid film lubricant means a very thin coating consisting of a binder system containing as its chief pigment material one or more of molybdenum disulfide, graphite, polytetrafluoroethylene (PTFE) or other solids that act as a dry lubricant between faying surfaces.

  • Filtration means a process for removing particulate matter from water by passage through porous media.

  • Remaining Business means whichever of the Operating Systems Business and the Applications Businesses is not transferred to a separate entity pursuant to the Plan.

  • Active business operations means all business operations that are not inactive business operations.

  • Inherent filtration means the filtration of the useful beam provided by the permanently installed components of the tube housing assembly.

  • Vapor tight means equipment that allows no loss of vapors. Compliance with vapor-tight requirements can be determined by checking to ensure that the concentration at a potential leak source is not equal to or greater than 100 percent of the lower explosive limit (LEL) when measured with a combustible gas detector, calibrated with propane, at a distance of 1 inch (2.54 cm) from the source.

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.