Tortoise’s Rob Thummel in The Wall Street Journal

Shale Output Shows Signs of Slowing

The number of active oil rigs in the U.S. fell to a 17-month low last week

Oil prices are back on the rise, but shale drillers still have little incentive to ramp up activity.

The number of active oil rigs in the U.S. fell to a 17-month low of 784 last week, according to oil-field-services company Baker Hughes, the latest sign that investor pressure to cut back on spending has weighed on U.S. production growth.

Read more here: https://www.wsj.com/articles/shale-output-shows-signs-of-slowing-11563364801

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