The U.S. Justice Department is examining potential antitrust issues in the market for pressure...

|By:, SA News Editor

The U.S. Justice Department is examining potential antitrust issues in the market for pressure pumping services, according to Baker Hughes (BHI), owner of the third-largest pressure pumping fleet. The market for the equipment has been oversupplied for more than a year after slumping natural gas prices led to a slowdown in gas-directed drilling, but 2011 saw a push to add capacity in response to a ramp-up in fracking.