Oil Explorers Are Fracking at Breakneck Pace, Fueling Inflation
Shale oil companies are using almost all of the fracking equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply chain disruptions across the industry.
January 24, 2022World’s Biggest Fracker Halliburton Sees Signs of Rebirth as Slump Ebbs
Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.
October 19, 2020Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump
Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.
July 20, 2020Halliburton Cuts Fracking Jobs, Gear in US, Canada
Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear.
July 22, 2019Halliburton, Baker Hughes Call Off $28 Billion Deal
Halliburton Co. and Baker Hughes Inc. called off their $28 billion merger, which has met stiff antitrust resistance from regulators in the United States and Europe.
May 2, 2016