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Schlumberger Talks Trend in US Land Frac Market
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In a recently release Schlumberger provided some interesting insights on the Frac Market. This is the first time that the company has confirmed it's Permian in-basin sand mine.
Here is the link to the slides.
The company continues to deploy additional hydraulic fracturing capacity in line with their expectations
"In the Hydraulic fracturing market, we are seeing accelerating customer trend of seperating the procurement of pumping services and sand supply. This trend is impacting the total market participation of service companies that are unable to effectively compete in both the production and delivery of sand."
"At present we own and operate two Northern white sand mines and this month started up our first Permian-based mine, has allowed us to competitively bid on integrated and…
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