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Service & Supply | Top Story | Oilfield Services | Second Quarter (2Q) Update

Halliburton Talks What to Expect in 2H-2021 Frac/Completion Activity

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Halliburton Talks What to Expect in 2H-2021 Frac/Completion Activity
Expecting coming quarters to activity to moderate, as most operators have already brought most if not all of their planned 2021 rigs to market.

"In North America, we expect both completions and drilling activity momentum to continue, but sequential activity growth should moderate. In the international markets, we expect a seasonal rebound and a broad based activity increase, the pace of which will vary across different regions."

Frac Crews are also recovering - see charts below from Shale Experts' Frac Database

Reconfirmed that large E&Ps will remain capital descipline and service cost inflation coming in 2022.

James West

Right. Okay. Okay. It makes sense. And then as we think about North America, obviously the big E&Ps are going to remain capital disciplined and probably show some…

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