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MercoPress, en Español

Montevideo, November 22nd 2024 - 02:21 UTC

Tag: James Williams - WTRG Economics

  • Thursday, October 23rd 2014 - 21:26 UTC

    Slumping oil prices are putting pressure on U.S. shale operations

    U.S. drilling companies could begin to seriously start removing rigs from operation if prices drop to around 75 dollars per barrel.

    The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week. There are now 1,590 active oil rigs, the lowest level in six weeks.