Green Touch Builders | Drilling declines continue for Eagle Ford despite oil price increase
23465
post-template-default,single,single-post,postid-23465,single-format-standard,ajax_fade,page_not_loaded,,select-theme-ver-3.8.1,wpb-js-composer js-comp-ver-6.1,vc_responsive
April 17, 2015 By SEO Admin

Drilling declines continue for Eagle Ford despite oil price increase

Crude oil prices have spent the last week climbing upwards but drilling activity is not following suit, according to figures released on Friday.

The Baker Hughes Rig Count reveals drilling activity declines for the Eagle Ford, Permian Basin, Texas and the United States.

West Texas Intermediate is trading above $55 per barrel for the first time since December but drilling activity has not yet caught up with higher prices.

Got Energy? Sign up for our Energy Inc. newsletter here

The number of…