Halliburton, Schlumberger, Baker Hughes face fracking suit

Suit claims companies conspired to raise prices

A new fracking-related suit is accusing three oilfield service companies of trying to quash their competition.

On Wednesday, Cherry Canyon Resources, a Texas oil and gas partnership, sued Halliburton Co., Schlumberger Ltd. and Baker Hughes Inc. for conspiring to raise fracking services prices. The three companies are the largest publicly traded fracking services providers in the U.S.

Ashley Post

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