Drilling And Fracking Accelerates Ahead U.S. Election

Ahead of what could be an industry-changing presidential election in the US, a Rystad Energy analysis reveals that drilling and fracking activity has accelerated. North American fracking likely peaked in October at around 780 started jobs, with activity recovering from the trough touched in May and June. Meanwhile, our analysis of Baker Hughes data shows that the US horizontal oil rig count increased by 10 to 188, rising for a seventh straight week to reach its highest level since end-May. The increase in drilling activity comes against the framework…