Halliburton sees frac sand boom slowing
Published: Wednesday, 26 July 2017
Volumes of sand per well are falling, Halliburton's CEO says, even as the company's chairman suggests drilling activity may be topping out.
US frac sand usage may be easing for the
first time in years, Halliburton's CEO Jeff Miller said in a
conference call with investors on 24 June.
"For the first time in years, in the
second quarter we experienced our first decline in average sand
pump for well," Miller said.