Baker Hughes rig count shows fracking activity, oil and gas exploration, up
Published: Wednesday, 09 July 2014
The latest data from the oilfield services company shows that the oil and gas industry is healthy and growing at a significant pace. This is an important end market for many industrial minerals, such as silica sand, bentonite and barite.
The latest Baker Hughes rig count, for June 2014, shows that
year-on-year (y-o-y) exploration has increased in the US,
Canada and in the Middle East, but has lagged in Latin America
Overall, figures from the oilfield services company show
that worldwide there are now 160 more rigs in...