More bad news for FRAC Crews And Oilfield Services Companies

Chief Executive Chris Wright from Liberty frac

The firm has no plans to add more equipment to its fleets, Chief Executive Chris Wright told investors on an earnings call on Wednesday, adding that pricing pressures would remain until a capacity glut ends.

Denver, Colorado-based Liberty Oilfield Services operates 23 hydraulic fracturing fleets, which are used to pump water, sand and chemicals into the ground to complete shale oil wells. – liberty-oilfield-services-ceo-expects-pricing-pressure-to-continue.140/