Why some oilfield service companies are well positioned for
growth  Higher well count and stage count helping U.S. fracking
market (Part 4)  Continued from Part 3: U.S. activity flat or up
slightly, efficiencies driving earnings  Excess capacity
Broadly speaking, the North American pressure pumping market
remains oversupplied. However, increases in wells drilled and
stages fracked are helping to absorb some of the excess capacity
that has kept pricing depressed.  2013.08.30 - US Well
CountEnlarge Graph  Quotes from 2Q13 earnings calls  Halliburton
(HAL)  “Additionally, in some cases, we’re seeing operators
increasing the number of stages on horizontal wells performing
as many as 40 stages per lateral in the Marcellus in certain
examples. It’s our view that the resulting increased well count
and stage count could absorb a meaningful percentage of the
excess horsepower and help drive service intensity across all
product lines.”  “Although we believe excess pressure pumping
capacity has diminished since the fir