Pioneer's Vertical Integration Still a Winner

摘要

After years of both demand and prices climbing ever higher, the boom in hydraulic fracturing services attending the US shale revolution now looks to some like a bubble on the verge of deflation. Decade-low natural gas prices have exploration and production (E&P) companies scrambling to shift drilling operations from gas to liquids-rich basins faster than some in the industry anticipated (EDF Apr.4'12).