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"Breakthroughs in fracking are at the heart of the shale gas revolution that been responsible for the strong growth in the North America revenues for oilfield services firms and the massive increase in shale gas production that now contributes to 30% of the natural gas produced in the U.S.
We have a near $60 price estimate for Halliburton and a $107 price estimate for Schlumberger. Both estimates are at a significant premium over the current market prices."
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