OilPrice.comI get a weekly e-mail from OilPrice.com that provides a short update of what is happening out there. Two interesting points below.
US Shale Growth Marred by Frac Fleet Shortage. The shortage of frac fleets (equipment to perform hydraulic fracturing) has
become one of the main impediments to US crude production this year, with the current number of frac spreads deployed (270) being well below pandemic levels (360-370).
Canada Drilling Heats Up to Unseen Highs. Drilling activity has risen to the highest level on record in Canada, with the latest available January data showing 617 active wells in Alberta, surpassing the previous high set in October 2011.