U.S. Shale Drilling Set For Recovery, Oilfield Service Firms Say

Drilling activity in the U.S. shale patch is about to rebound later this year and next year as oil prices have strengthened recently, American oilfield services firms said this week.   The U.S. rig count, which has been falling this year, is near its bottom, according to executives at drilling and fracking firms who expect demand for their services to improve in the latter part of this year and in 2024. Drilling services providers Helmerich & Payne, Patterson-UTI Energy, and NexTier Oilfield Solutions all signaled expectations of a recovery…