U.S. Oilfield Services Pricing Woes
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oilfield firmsReuters
•Business
Business & Economics
US oilfield firms face pricing squeeze as fracking demand slumps

79% Informative
U.S. oilfield services firms face weaker pricing and revenue this year as oil producers become increasingly efficient.
The number of active frac fleets totaled 183 in the week to Jan. 23 , its lowest since March 2021 .
Land rig day rates are set to end the year at their lowest level since the second quarter of 2022 .
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