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Halliburton, Double Digit Frac Activity Increase, Rig Count Lag
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Halliburton reported its Q3 2020 results.
Below we discuss its revenue as well as it's talking points about activity and outlook going forward.
US Frac Market"As the leading completions provider in North America, Halliburton has exposure to every basin and every customer group. The month-on-month land completions activity improvement in the third quarter was a welcome sign. But September stage counts were still below April activity levels, and overall stages completed in US land showed a modest sequential increase for the full quarter. We intend to stay disciplined in how we deploy our fracturing fleets into the recovering market.
Looking ahead to the fourth quarter. We expect North America land completions activity to increase by double digit percentage as operators deplete their DUC…
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