⁍ Liberty Oilfield Services said hydraulic fracturing activity was trending ‘modestly ahead’ of previously anticipated levels.
⁍ The company estimated roughly 130 fleets are running in the U.S., below the number of fleets needed to hold U.S. oil production flat.
– The number of US companies that use hydraulic fracturing, or “fracking,” to extract oil and natural gas from the ground is on the rise, Reuters reports. Liberty Oilfield Services, one of the largest providers of fracking services in the US, said Wednesday that activity is “modestly ahead of previously anticipated levels,” and it expects a 20% spike in its active fleets in the fourth quarter compared with the third. The number of companies that use hydraulic fracturing to extract oil and natural gas from the ground is expected to triple over the next two years, according to the Wall Street Journal. The number of companies that use hydraulic fracturing to extract oil and natural gas from the ground is expected to triple over the next two years, according to the Journal. The number of companies that use hydraulic fracturing to extract oil and natural gas from the ground is expected to triple over the next two years. Liberty Oilfield Services said Wednesday that the number of companies that use hydraulic fracturing to extract oil and natural gas from the ground is expected to triple over the next two years. The number of companies that use hydraulic fracturing to extract oil and natural gas from the ground is expected to triple. Liberty Oilfield Services said Wednesday that the number of companies that use hydraulic fracturing to extract oil and natural gas from the ground is expected to triple over the next two years. The company estimated roughly 130 fleets are running in the US, below the number of fleets needed to hold US oil production flat.
Source: https://www.reuters.com/article/libert-oilfield-services-results/liberty-oilfield-sees-frac-activity-modestly-ahead-of-anticipated-levels-idUSL1N2HJ1GE