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Liberty Energy Reducing Frac Fleets As Market Activity Slows; Talks 2025
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Liberty Energy, much like Patterson UTI said they are reducting fleet count amidst a slowing on frac activity.
During the most recent earnings call the company said..
Cutting Fleet
“Over the last two years, we have maintained a roughly flat deployed fleet count. However, amidst near-term reductions in customer activity and market pressures, we are planning to temporarily and modestly reduce our deployed fleet count, while continuing to support our long-term partners.”
“ After two years of largely maintaining a flat fleet count, we are now planning to temporarily reduce our deployed fleets by approximately 5%. “
Expectations for the remainder of the year?
“Looking ahead, we are now anticipating fourth quarter seasonality to be more pronounced than typical, as early year E&P production…
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