11282020Sat
Last updateWed, 25 Nov 2020 4pm

End-User News

U.S. Drillers Again Putting Fracking Equipment to Work

“U.S. frackers have been bringing back equipment to boost production even with oil prices languishing around $40 a barrel, tapping into a backlog of drilled wells left uncompleted (DUCs) when oil prices crashed in the spring,” Reuters reports.

“Oil producers halted expensive fracking operations when prices cratered on pandemic-related shutdowns and a price war. Among the first wells to be tapped when prices rebounded were those that had been drilled but not completed.”

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