Halliburton has now fractured over a million wells in the USA alone. Schlumberger (SLB) is the largest oilfield services company in the world and has a large pressure pumping section. In Jan 2018, Schlumberger acquired Weatherford’s US fracturing assets for $430 million in cash. Baker Hughes (BHI) runs the Pressure Pumping Technology Center (PPTC) where their researchers focus on ways to frac more stages per day, and reduce non-productive time (NPT). FTS International (FTS) is one of the largest well completion companies in North America, specialising in fracturing. They have also entered into a joint venture with Sinopec in China to further their fracturing programs. It’s expected that the pressure pumping market in the US, Canada and China will continue to grow for the next decade. Estimates put Canada & US growth projections at almost 10% and China at more than 20%. Click Here For Complete Article Text
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