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Shortage in fracking crew may push oil's biggest bubble to 2018

In some cases, crews are walking away from jobs they signed up for - and paying early-termination penalties - to take higher-paying assignments
Friday, May 19, 2017 - 05:50

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With the price of oil settling at around US$50 a barrel, shale drillers are once again gearing up in areas such as the Permian Basin, where break-even costs are as low as US$30 a barrel.

Chicago

SHALE explorers pushing to expand oil production are struggling to find enough fracking crews after thousands of workers were dismissed during the crude rout.

Independent US drillers underspent their first quarter budgets by as much as US$2.5 billion collectively, largely

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