Shale Is Losing to OPEC, to Judge by Mothballed Drilling Rigs

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Shale Is Losing to OPEC, to Judge by Mothballed Drilling Rigs

posted on Jan 25, 2015 03:53PM

http://www.bloomberg.com/news/2015-01-16/drillers-idle-55-oil-rigs-pushing-six-week-drop-to-209.html

"The count was down 55 this week to 1,366. Horizontal rigs used in U.S. shale formations that account for virtually all of the nation’s oil production growth fell by 48, the biggest single-week drop."

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