Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad

US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere.

Over the past two years, hundreds of pumps the size of 18-wheelers have been sent to Argentina by providers including Halliburton Co. and Calfrac Well Services Ltd., and to Australia by Liberty Energy Inc. and Halliburton, according to estimates from analytics firm Primary Vision. The shipments also include sand towers, water tanks, industrial blenders and miles of hoses used to inject fluid and sand into rock layers more than a mile underground.