Halliburton Reports Rising Use of E-Fleets Due to High Diesel Cost

Halliburton, the world's second-largest OFS (oilfield services) company, issued its first quarter 2026 update yesterday. CEO Jeff Miller said, "In North America, I see clear signs that we are in the early innings of a recovery." Cool. Of course, he's talking about oil drilling, mostly. While the update and earnings conference call did not specifically mention the Marcellus/Utica, they did include information highly relevant to our region. In particular, the company prominently mentioned its electric fracking "e-fleets" and said that the current low price of natural gas represents a significant opportunity for drillers to save money by using it instead of diesel to power fracking equipment.

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