Service & Supply | Top Story | Oilfield Services | Frac Markets - Pressure Pumping
Service Companies Talk Bleak Outlook for Remainder of 2024
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As most of you might remember, back in May we told you to expect significant slow down in drilling & completion activity. Read here. But that analysis was based on analysis of earnings transcripts, press releases and capital budgets reported by top E&Ps, as well as feedback from our private and private equity backed E&P clients. Read more here.
A quick review of what Service Companies are Now saying (as of second quarter).
Halliburton. What they said in Q1-2024 "Looking ahead for the rest of 2024 in North America, we expect steady activity levels for Halliburton" strong>What they are now saying Q2-2024 : "Turning to North America, our second quarter revenue declined 3% compared to the first quarter. Halliburton's first half 2024 results were largely as we expected. However, as we…- ✓ Full news archive — U.S., Canada & international coverage
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