Halliburton More Optimistic On U.S. Land

摘要

Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said last week. “Our results in the first quarter played out pretty much as we said they would in our last call,” Lesar said during a conference call to discuss 1Q2013 earnings performance. He had said in January that overcapacity in North America’s land pressure pumping services, as well as low natural gas pricing, would be a big impact this year (see NGI, Jan. 28). However, North American margins surpassed expectations, as the company worked through an oversupply of guar gum used in stimulation. In addition, “customers refreshed their budgets.”