mo4ch:>Evidence mounts for shale slowdown | Mo4ch News

There is a growing pile of evidence pointing to a slowdown in the US shale industry, as low prices take their toll.The rate of hydraulic fracturing began to decline in the last four months of 2018, a sign that US shale activity began to slow even before the plunge in oil prices. According to Rystad Energy, the average number of fracking jobs declined to 44 per day in November 2018, down from an average of between 48 and 50 for the five-month period between April and August 2018.“After reaching a peak in May/June, fracking activity in the Permian Basin has gradually decelerated throughout the second half of 2018,” Rystad Energy senior analyst Lai Lou said in a statement.Also on rt.comThe US oil industry’s dirty little secret“Looking at preliminary data for November, we see evidence that seasonal activity deceleration has likely started in all major plays except Eagle Ford,” Lou added. “There has been a considerable slowdown in Bakken and Niobrara in November, our analysis shows.” Rysta…