Halliburton, one of the most prominent names in oilfield services, is navigating a period of transition marked by softer North American activity and shifting global demand. The company’s recent financial results illustrate both the challenges and opportunities within the oil and gas sector as operators contend with market oversupply, constrained budgets, and regional disparities in activity levels. The same trend can also be observed in Primary Vision’s Frac Spread Count. This article tries to provide our readers with a bigger picture using some key data points.