NEWS ARCHIVE

US rig count bottoms

THE US onshore rig count has officially reached its bottom and its shale production is following suit, with drilling set to start again even in the "non-core" areas that have been neglected now that producers have squeezed rig providers to phenomenal lengths to survive the downturn.

Anthony Barich

Norwegian consultancy Rystad Energy called the bottom for the US onshore rig count this week, and expects shale production to also bottom out during the North American summer months of 2016, with even...

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