Halliburton (HAL) reported earnings for the first quarter of 2012 on April 18, 2012, and made comments during the conference call on recent pricing for hydraulic fracturing services in the Eagle Ford Shale.
Halliburton said that pricing for these services are becoming more “challenging” for the company as contracts are renewed by customers.
“As we renew contracts and win new work, we expect to see frac pricing become more challenging, but the impact will vary by basin. The dry natural gas basins will be the most challenged, followed by those more easily accessible oily basins that are located close to natural gas basins, such as the Eagle Ford. We expect pricing pressure in some of these markets in the near term but believe that these pressures will decline over the remainder of the year.”
