HOUSTON – Dan K. Eberhart, the CEO of Canary, LLC, the largest privately held oilfield services company in the US, has announced a US shale energy recovery and a turning point in shale’s role to help stabilize world oil prices.
“Energy economic indicators are positive,” Eberhart said. “Not only have Brent prices increased about 40% from last year’s lows, but recent rig counts have also shown a significant “flattening” of the downward count. In horizontal oil rig activity, we’re seeing an uptick to positive activity after the six-month fall the industry took when oil prices crashed.”
