Way back in January (it’s been a long year) Hallburton was already souring on shale. Way before the novel coronavirus put the final nail in the coffin of the West Texas shale revolution, the multinational corporation and one of the largest oil field service companies in the world had very publicly been going through a rough patch with shale oil. January 2020 marked the posting of Halliburon’s third straight quarterly loss during the national shale slump that also caused the corporation to take a $2.2 billion charge to its earnings. As a result of this massive shale slump, Halliburton laid off a whopping eight percent of its North American staff in the middle of last year, before dismissing even more employees in the Western U.S. “The charge for asset impairments was centered on hydraulic fracturing and legacy drilling equipment units, and employee severance costs,” Reuters reported that the company […]