The Baker Hughes rig count has leveled off during the month of July as producing companies implement scaled-down budgets for the 2nd half of 2017. This slowing comes as no surprise and should not be feared. It is just emblematic of the natural cycle in which the U.S. industry finds itself.
from Forbes Real Time http://www.forbes.com/sites/davidblackmon/2017/07/27/the-great-leveling-off-has-begun-for-u-s-shale/
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