30 years of drilling data points to rebound in US oil production – OilPrice.com
As speculation continues on whether drilling activity in the US oilfield has yet bottomed, some analysts believe the industry is already on the road to recovery. Reuters Analyst John Kemp waits Drilling rates will start to increase in September and October, with production starting to pick up in the second quarter of 2021.
Kemp states that over the past 30 years, futures price changes have…