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Halliburton Sees Proppant Usage Increase Despite Rig Slowdown
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Halliburton reported its Q3 2017 results. Highlights from its release / call include:
Rig Shift: Miller said: "During the quarter, the U.S. land rig count effectively flattened as customers reacted to shareholder input and their own view of market conditions for the balance of the year."
Sand Usage Up Despite Rig Decline - Permian has showed particular growth: Miller commented: "During the third quarter, total sand volume for Halliburton continued to increase, but our average sand per well remained sequentially flat. For Halliburton, sand per well was down in the Bakken, Rockies and Northeast, and it was up in the Permian Basin."
Mum on 2018: Halliburton remained mum on 2018 in its call, but did say: "I expect Halliburton’s relative performance in 2018 will remain strong as a result of…
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