Shale Fracking Returns, Tapping Huge Glut of Idled Equipment
- Number of frack crews has jumped to 78, from 45 in mid-May
- Meanwhile drilling of new wells continues to decline
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Shale fracking crews, mired in a glut of idled equipment, are putting some of their pumps back to work as oil prices rebound.
The number of active U.S. frack crews, which bottomed out at 45 last month, has since jumped to 78 last week, according to industry consultant Primary Vision Inc.