Major US operators have hinted that they could soon add rigs back to their fleet and once again look to increase production as service costs drop and oil prices stabilise, writes Noah Brenner.
Executives from major onshore players told investors over the past couple of weeks that they have plans in place to increase activity if the right conditions arise and, with US benchmark future solidly above $60 and well costs dropping by 20% or more, those conditions seem to be approaching fast.
