Economics
America’s Oil Boom Is Sputtering Back to Life One Rig at a Time
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The oil boom isn’t dead after all.
For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and started drilling for crude once again. And then one returned to the Permian Basin, the nation’s biggest oil play, field services contractor Baker Hughes Inc. said Friday.