Frac market temporarily weakening
Like oilfield services giant Schlumberger (ticker: SLB) reported on Friday, this week Halliburton (ticker: HAL) said it too is seeing a slowdown in the overall U.S. frac landscape.

The company saw a slight increase in revenue in Q3 despite the slowdown, receiving $6.17 billion compared to $6.15 billion in Q2. Operating and net income showed declines, however, with operating income down 9% and net income down 15%.

Halliburton President and CEO Jeff Miller provided a tour of the U.S., outlining the specific reasons operations have slowed down in the major shale basins.

“In the Northeast,” he said, “our customers have already met their 2018 production targets. They've slowed down activity and they're...


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