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“The North America market has turned. We expect to see a continued modest uptick in the U.S. rig count during the second half of the year.”
Dave Lesar, Halliburton CEO said two weeks ago
[Among drillers] “There is a lot of hope, but hope is not a plan. Companies keep saying we can make money at $45 oil but these companies do not put their money where their mouth is.” Below $55 a barrel, about half of U.S. oil production is “uneconomic,” according to
Fadel Gheit, an Oppenheimer & Co. energy strategist in New York