North American Fracking Activity Soars To Near Pre-Pandemic Levels

Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in the Permian basin during the first quarter of 2021 exceeded the required output maintenance level, so oil production is set to rise in the current quarter – but will likely slow again later in the year. Rystad Energy has already registered 967 started frac operations in North America for March 2021. As satellite data coverage is incomplete…