Their message to crude producers halting work in worst downturn in years: 'frack now and pay later'
Mon, Aug 10, 2015 - 5:50 AM
DEMAND DRIVER?: Halliburton touts refracking as a cheap way of adding barrels because it avoids drilling new wells.
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."