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Monday, 23 January 2017

U.S. shale oil and gas sector surges back to life: Kemp | Reuters

U.S. shale oil and gas sector surges back to life: Kemp | Reuters:

"The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway.

The number of active oil and gas rigs jumped by 35 to 694 last week, according to oilfield services company Baker Hughes (tmsnrt.rs/2jSM39f).

Some of the increase may have been due to catch-up effects since the rig count unexpectedly declined by six the previous week. The average across the two weeks was in line with the recent trend."



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