US drilling activity hits three-year high
Published: Monday, 09 April 2018
The US rig count, a key proxy for oilfield mineral demand, is soaring, while activity elsewhere appear to remain stagnant.
New drilling and oilfield activity remains
heavily concentrated in the US, while activity elsewhere is
moribund, according to recently released data.
The weekly US rig count data from oilfield services company
Baker Hughes shows the number of active drilling rigs in the
week to April 6 was at 1,003, up 10...