The oilfield service giant, whose onshore hydraulic fracturing unit in the United States and Canada includes pressure pumping, pumpdown perforating and Permian frac sand businesses, will hold a 37% stake in the new combined company. Hydraulic fracturing, or fracking, involves injecting sand, water and chemicals underground to crack open rock formations holding natural gas and oil, a technique that led to a boom in U.S. production and a slump in energy prices in 2014. …read more
Source:: Yahoo Finance
