Decline in frack activity putting strain on Us services companies, analysts say

摘要

Ladson, South Carolina—An ongoing decline in drilling and completion work continues to undercut US oil and gas production growth — a trend that could hurt oilfield services companies into 2020 as analysts expect producers to remain prudent in their spending. However, a declining rate of production from mature wells may help boost demand for new fracking fleets farther down the road. “US land sentiment continues to weaken, with some now questioning the extent of recovery in 2020,” Goldman Sachs analysts said in a September 27 note following a recent visit with Houston investors.