Permian Basin drilling activity dries up as oil prices sink

By William Clarke
Published: Monday, 30 March 2020

Oil drilling activity in the United States has fallen sharply with the price of the commodity tumbling, which will in turn sap the demand for frac sand and other oilfield minerals.

According to data from oilfield services company Baker Hughes, the number of active drilling rigs in the Permian Basin fell by 23 week on week to 382 on February 27. This was the biggest one-week drop in the region since the oil price crash of...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.