Salem Radio Network News Sunday, August 7, 2022

Business

Liberty Oilfield to enter 2023 with frac count in low forties

DENVER (Reuters) – U.S. hydraulic fracturing firm Liberty Oilfield Services said it will increase the number of hydraulic fracturing fleets it runs in early 2023 to the low forties, from the mid-thirties currently.

The current “frac” market is around 250 fleets and will likely exit the year at 275 fleets, the company said during an earnings call on Tuesday. Liberty said plans to reactivate equipment this year and add two electric fleets in early 2023 as pricing has recovered.

(Reporting by Liz Hampton in Denver)

Previous
Next

Editorial Cartoons

View More »

Gary Varvel
Mon, Jul 25, 2022

X CLOSE