The drilling activity upcycle that began in 2016 started to take a breather in 4Q18. Now 2019 is shaping up to be the first down year in the past three years for rig count.
In the 6-slide deck below, you’ll see the story of the current cycle in the context of US rig count reactions to oil price signals throughout the shale era…
There’s a lot more to this story…
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