US Fracking Companies Export Equipment to Argentina and Australia Amid Domestic Slowdown
US fracking companies are exporting idle equipment to international markets, particularly Argentina and Australia, as domestic growth slows. Key players like Halliburton, Calfrac Well Services, and Liberty Energy are sending pumps and related equipment, representing nearly 20% of the fracking power in the Permian Basin. The move could help recover profits, but may also lead to increased costs for US oil and gas producers due to reduced domestic equipment availability. Analysts suggest that while Argentina presents opportunities, the future of shale work in other countries remains uncertain.
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US fracking companies are exporting idle equipment overseas, particularly to Argentina and Australia, as domestic growth slows in Texas and New Mexico. Major players like Halliburton and Liberty Energy have shipped hundreds of pumps and related equipment, amounting to nearly 20% of the fracking capacity in the Permian Basin.
This shift could help companies recover after years of profit squeezes but may raise costs for US oil and gas producers due to decreased equipment availability. Analysts indicate Argentina offers promising opportunities, while the demand for shale work in other regions remains uncertain. Approximately 8 million horsepower of US fracking capacity is idle, with predictions that up to 25% may be exported in the next two years.
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