It seems that from an observer’s point of view, the US onshore oil bust that began back in 2014 is starting to come to an end. As oil prices have ticked steadily higher over the past six months, companies have started to spend on well development once again, and the number of active rigs operating is increasing but oil bankruptcies are still high ….. to say the least. The US active land rig count climbed 28 rigs to 824 rigs the week ended April 14, according to RigData. The last time the US horizontal rig count was above 700 rigs…
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