Houston area company lands two-year ‘electric fracking’ deal
March 18, 2020Evolution Well Services Announces Opening of Midland, Texas Location
May 18, 2020hartenergy.com
Feb 7, 2020
By Sergio Chapa
While barriers to entry are high, electricity is positioning to be the future of fracturing.
The majority of hydraulic fracturing fleets across the Lower 48 are idle, combating pricing pressures, an overall softening in demand as well as budget belt-tightening by clients. The outlook for 2020 is at best uncertain, but most agree there is little light to be seen at the end of this particular tunnel.