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Oilfield giants have new sales pitch

Their message to crude producers halting work in worst downturn in years: 'frack now and pay later'
Monday, August 10, 2015 - 05:50
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DEMAND DRIVER?: Halliburton touts refracking as a cheap way of adding barrels because it avoids drilling new wells.

Houston

BUSINESS is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."

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