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Top Service Company Talks Technical, Financial Problems Facing Fracing
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During its 1Q 2019 quarterly earnings call, Schlumberger reiterated a few things as well as offered some new insights into how the company sees the North American Land market performing.
This much confirms what we have been calling Shale 3.0: the age of financial discipline.
Lets start with the financial then on to the technical limitations the company sees.
Financial1. Higher cost of capital
2. lower borrowing capacity
3. Investors looking for increased returns
Technical1. Parent-child well interference
The company has been talkinga about this for a while now, you are read more about it here. The emerging challenges of production per well as infield drilling creates interference between parent and child wells
2. Step-outs from core acreage
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