US Fracking Company Forecasts Major Shale Slowdown ...Middle East

OILPRICE - Economy
US Fracking Company Forecasts Major Shale Slowdown
source : OILPRICE ( Middle East ) () 27
Frack-first energy policy is running into some good old-fashioned capitalism. Liberty Energy, the company founded by now-Energy Secretary Chris Wright, is prepping for a slowdown in shale drilling—despite President Trump’s best efforts to pump America into oil supremacy. CEO Ron Gusek, speaking at the Super DUG Conference, offered a reality check: “I’m certainly not in the camp of a 100-rig-count reduction... maybe it’s in the 30 to 40 range,” which translates into 10 to 15 fewer frack crews. Not a collapse,…

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