US drilling activity surges despite falling oil price

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Published: Monday, 26 June 2017

There seems to be no let up in the pace of well drilling in the US, even with prices well below $50/bbl.

US drilling activity continues to accelerate despite the falling oil price, as oilfield services company Baker Hughes reports the number of active rigs in North America up for 23 weeks in a row.

The benchmark West Texas...

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