U.S. Shale Slowdown Weighs On Oilfield Services ...Middle East

The first signs of a slowdown in activity in the U.S. shale patch emerged earlier this year as declining oil prices prompted drillers to reduce the number of active rigs. Then data suggested that well yields were also dropping—a sign of potential natural depletion that would make drillers think twice before going all in on output expansion. Now, the financial results of oilfield service providers are adding to the growing body of evidence that despite the EIA's upbeat forecasts about record oil production, the industry was going…

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Last updated : 25 July 2023 clock 03:00 AM

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U.S. Shale Slowdown Weighs On Oilfield Services ...Middle East

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