World’s Biggest Fracker Sees Signs of Rebirth as Slump Ebbs
- Collapse in orders from oil explorers gutting sector cash flow
- Halliburton outlook overshadowed by Conoco-Concho announcement
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Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.
The world’s biggest provider of fracking signaled that attrition among oilfield service companies is beginning to show results and, in North America at least, a bottom may have been reached, according to a statement on Monday. Overseas is another story, however, because orders there are still weak.