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Three Major Service Companies Detail Drilling & Frac Outlook for 2H 2020

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Three Major Service Companies Detail Drilling & Frac Outlook for 2H 2020

Shale Experts has pulled highlights from several service company's Q2 reports and calls. We detail key developments as well as what the companies expect for the second half of 2020.

Schlumberger Reducing workforce by 21,000 (down 19% overall from the start of 2020) Expects to see growth (from 2Q lows) in frac activity Seeing uptick in DUC completions Closed 150 North American facilities

Access the company's full Q2 report here

Halliburton " In North America land, some green shoots of completion activity are emerging, but I would not characterize this as the start of a meaningful recovery. After customers bring back shut-in production and as WTI remains range bound around $40, we expect to see a modest uptick in completions activity during the third quarter followed by the usual…
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