Houston Chronicle by Paul Takahashi 4/9/2021
Hydraulic fracturing activity in North America has nearly recovered to pre-pandemic levels, but flaring levels remain historically low, according to a new report.
The number of new hydraulic fracturing jobs hit a 12-month high of 1,064 wells in March, setting the stage for oil production to rise in the second quarter, according to Rystad.
The Norwegian energy research firm said oil production in the Permian Basin has largely recovered from the February winter storm, which caused the largest disruption to U.S. oil production in its history. Rysad said it counted 429 new hydraulic fracturing jobs in the Permian in March, up from 260 in February and well above the 300 well completions needed to maintain pre-pandemic output.
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