US drilling slumps to fresh low as Covid slowdown intensifies
Published: Tuesday, 16 June 2020
Oilfield activity in the United States is now at its lowest level in at least 20 years, adding fresh pressure to frac sand prices.
The rate of oil and gas drilling has
fallen for the 14th week in a row, and is at the lowest level
on records going back to 2000.
Data from the oilfield services company showed the total
number of oil...