Key indicator shows signs of oil market recovery

The North American Frac Spread Count has increased to triple digits this week, according to big data company Primary Vision. 

The Frac Spread Count, which calculates the fracking completion crews currently finishing off wells, increased this week to 101, up by 12 from last week, the data released on Wednesday shows. 

This is likely attributed, according to Primary Vision, to operators shifting their focus from drilling new wells to finishing off already-drilled ones. 

IamFire plc (LON:FIRE) is an Investment Issuer Listed on the AQSE Growth Market Exchange. The company has an investment strategy focused on the identification of opportunities in Life Sciences, Technology & Natural Resources.

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