October 30, 2019 / 2:29 PM / 16 days ago

Liberty Oilfield Services sees slowdown in frack activity, weak pricing

DENVER, Oct 30 (Reuters) - Hydraulic fracturing company Liberty Oilfield Services on Wednesday said a seasonal slowdown in activity had started early this year, indicating more pain for an industry already hampered by cuts in customer spending.

The Denver, Colorado-based firm has no plans to add any hydraulic fleets, Chief Executive Chris Wright told investors on a call, adding that pricing would remain challenged until an oversupply in equipment is resolved. (Reporting by Liz Hampton; Editing by Susan Fenton)

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