Schlumberger sees fracking price pressure

摘要

Houston—Oil services giant Schlumbergersees hydraulic fracturing pricing under “somepressure” in the next few quarters from thedecrease in dry natural gas drilling, the com-pany’s CEO said April 20.Years of industry drilling in prolific uncon-ventional gas plays and even more recentincreases in oil and liquids drilling that bringsup some associated gas, has filled storage binsto the brim in recent years. The result: US gasprices have dropped under $2/Mcf—the lowestlevels in 10 years, Paal Kibsgaard noted in thecompany’s quarterly earnings conference call.