Schlumberger Reports: Earnings Down, But US Drilling A Plus

Also included is a statement from Haliburton along a similar vein ... US gas drilling is seen as a plus.

http://hosted.ap.org/dynamic/stories/U/US_EARNS_SCHLUMBERGER?SITE=N...

 

from Schlumberger ...

 

"In a statement, Schlumberger Chairman and CEO Andrew Gould said, the company continued to see a strong performance in North America because of active drilling for natural gas."

 

and from Haliburton ...

 

"Halliburton said Monday its first-quarter earnings, which slumped nearly 46 percent, were propped up by a resurgence in the U.S., where crews have been working around the clock to tap natural gas deposits in underground layers of shale."

 

Here's hoping they stay busy.  80)

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