Drilling rates fall further in the Permian
Published: Monday, 24 June 2019
Active drilling rigs are falling in West Texas, while unfracked wells pile up, but frac sand sellers hope that demand could recover before the end of the year.
Drilling rates continue to slow in the
Permian basin in the United States, but fracking is even
slower. This is bad news for frac sand sellers in the short
term, but leaves a backlog of unfracked wells, which will need
sand in the future.
The number of active drilling rigs...