CEO of PA Fracking Company Says Frackers Idle, Hitting Rock Bottom

Dan Doyle is president of Reliance Well Services, a hydraulic fracturing (oilfield services, or OFS) company established in 2008 and based in Pennsylvania. Reliance works throughout the Appalachian and Illinois Basins. In an article published by Doyle on the OilPrice.com website, he says low natural gas prices, high interest rates, and reallocation of capital have led to a slump in demand for oilfield services like those offered by his company. Doyle said, "Frac’ers never want to admit that they’re idle, but we’re idle."

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