Another rough year ahead for North American shale producers and drilling contractors, but 2017 could be a year of recovery

摘要

WHILE 2016 IS EXPECTED TO BE another rough year for North American shale drilling, rig counts and activity declines are projected to be much less severe than the reductions seen in 2015. "It's pretty clear we're close to an equilibrium in terms of rig count in the United States," Timothy L. Dove, President and COO of Pioneer Natural Resources, said. "We continue to see small weekly reductions, but basically we're reaching the bottom of where I think the rig count's going to go."