Followers | 7 |
Posts | 604 |
Boards Moderated | 0 |
Alias Born | 03/08/2017 |
Tuesday, July 11, 2017 6:51:29 PM
Halliburton's (NYSE:HAL) head of global business development says the U.S. shale drilling boom likely will ease next year, as demand on the industry's service sector is unsustainable.
The number of rigs drilling for oil in the U.S. climbed to 763 last week, the highest in more than two years, and HAL's Mark Richard expects the count to climb above 1,000 by year-end but not beyond that, seeing 800-900 rigs as a more sustainable level in the medium term.
The rise in shale activity has been a boon for oilfield services firms such as HAL, and Richard says the company has been able to raise prices in the U.S. because of rising demand, although the appetite for oil and gas equipment is still weak outside of the Americas.
Recent HAL News
- Halliburton Third Quarter 2024 Earnings Conference Call • Business Wire • 09/10/2024 09:15:00 PM
- Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings • IH Market News • 09/04/2024 09:50:25 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 10:01:25 AM
- IBM Closes China Research Division, Uber Fined $324M, Starliner to Return Without Astronauts • IH Market News • 08/26/2024 12:58:21 PM
- Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack • IH Market News • 08/22/2024 09:37:42 AM
- Halliburton Announces Dividend • Business Wire • 08/16/2024 09:15:00 PM
- Offshore Intervention and P&A Contract in Brazil Awarded to Halliburton • Business Wire • 08/08/2024 11:00:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/29/2024 03:35:46 PM
- Armada and Halliburton’s Landmark Announce Global iEnergy® Partner Agreement for Landmark Solutions at the Edge • Business Wire • 07/25/2024 06:11:00 PM
- Adena Power Joins Halliburton Labs • Business Wire • 07/23/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/22/2024 07:00:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 11:06:31 AM
- Halliburton Announces Second Quarter 2024 Results • Business Wire • 07/19/2024 10:45:00 AM
- U.S. Futures Slide Amid Netflix Results, Microsoft and CrowdStrike Outages, Oil Prices Head for Second Week of Losses • IH Market News • 07/19/2024 10:02:52 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/18/2024 03:18:46 PM
- Halliburton Second Quarter 2024 Earnings Conference Call • Business Wire • 06/10/2024 09:15:00 PM
- LiTHOS Announces Execution of Letter of Intent for Technology to Launch TiERRA™ Re-Injection Service • PR Newswire (US) • 06/06/2024 12:37:00 PM
- LiTHOS Announces Execution of Letter of Intent for Technology to Launch TiERRA™ Re-Injection Service • PR Newswire (Canada) • 06/06/2024 12:37:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:40:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:28:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:27:35 PM
- Halliburton Landmark’s Unified Ensemble Modeling Solution to Be Used by Wintershall Dea • Business Wire • 05/21/2024 11:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 08:28:43 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 06:02:08 PM
- Halliburton Annual Meeting of Shareholders and Dividend Declaration • Business Wire • 05/16/2024 09:15:00 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM