Schlumberger’s US fracturing business ramps up activity.

Schlumberger’s US fracturing business ramps up activity – #oilnews #octgpro

A big boost in U.S. oil company spending this year will unleash Schlumberger’s full fleet of hydraulic fracturing equipment by the fourth quarter, CEO Paal Kibsgaard said after the company reported Friday that it swung back to a profit in the first three months of the year.

The world’s largest oil field services company has begun hiring new workers to man its new trucking fleet to haul large payloads of sand, used in fracking fluids that blast open shale rock as they boost domestic oil production. Even as drillers extract oil, Schlumberger, based in Houston, Paris and The Hague, has been pouring money into sand production from its own mines, as well as rail cars, loading facilities and trucks in the United States, as domestic revenues increase.

Leave a Reply