US drilling efficiency increasing
Baker Hughes rig count shows each drilling rig can drill more wells in a given timeframe as technology and techniques improve
A small decline in the number of active drilling rigs in the United States in recent months might at first blush seem reason for concern, in the face of a major upsurge in U.S. oil production. But looks can be deceptive.
An examination of the count of the number of wells drilled, rather than just th....
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