Oil drilling in US at pre-shale levels
Bloomberg
The crisis that enveloped the oil industry last year can be measured in various ways, but in the US there might be no better single gauge than the tally of drilling rigs operating across the world’s largest producer.
The weekly data shows at a glance the level of confidence from hundreds of companies that sink shale wells from Texas to North Dakota. As the price of crude plunged amid the pandemic, those operators slashed spending and cut drilling crews.
The result was a rig count that collapsed to levels not seen since the advent of the shale era 15 years ago, as crude demand and prices plunged.
Colorado
United-states
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New-mexico
North-dakota
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Texas
America
American
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Baker-hughes-co
Oil Drilling in U.S. Ends Fraught 2020 at Pre-Shale Levels
Jan 04 2021, 5:43 AM
December 30 2020, 11:56 PM
January 04 2021, 5:43 AM
(Bloomberg) The crisis that enveloped the oil industry in 2020 can be measured in various ways, but in the U.S. there may be no better single gauge than the tally of drilling rigs operating across the worldâs largest producer.
(Bloomberg) The crisis that enveloped the oil industry in 2020 can be measured in various ways, but in the U.S. there may be no better single gauge than the tally of drilling rigs operating across the worldâs largest producer.
The weekly data shows at a glance the level of confidence from hundreds of companies that sink shale wells from Texas to North Dakota. As the price of crude plunged amid the pandemic, those operators slashed spending and cut drilling crews.
Colorado
United-states
Saudi-arabia
New-mexico
North-dakota
Russia
Texas
America
American
Matt-gallagher
Joe-biden
Baker-hughes-co