The U.S. shale industry appears to be on the rebound, according to this story at Rigzone.com:
"U.S. shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump's election victory and OPEC's recent signal that it plans to curb production.
"The downturn produced a leaner, more efficient U.S. shale industry that was forced to develop and quickly adapt new technology to compete with conventional oil supplies during a two-year period of depressed prices.
"'You're starting to see a little bit of light at the end of the tunnel,' Ryan Lance, chief executive of ConocoPhillips , the largest independent U.S. oil producer, said in an interview last week. 'We're beginning to put capital back to work, but we're being cautious.'"
Read the full story here.