Halliburton Co said on Monday a pricing downturn that has plagued the oilfield s...
- Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported modestly higher activity levels in North America in the first quarter from a year earlier.
“We believe the worst in the pricing deterioration is now behind us,” Halliburton Chief Executive Officer Jeff Miller said, adding that it experienced pricing headwinds throughout the quarter. The number of rigs in operation in North America fell for the past four months and production growth in the Permian and other key shale basins have slowed as oil prices fell in the fourth quarter.
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