Overcapacity of fracking horsepowerPrices for many fracking and completion services expected to remain stable or even fall in 2014; market equilibrium elusive Steve Sutherlin For Petroleum News Bakken
Due to ample capacity, the cost of many hydraulic fracturing services in North America is likely to remain stable or fall in 2014, Paal Kibsgaard, Schlumberger CEO, said in a Jan. 17 earnings call.
In fracturing, Kibsgaard said, “there is still today significant industry overcapacity of horsepower,....
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