As U.S. Drilling Cools, Oilfield Service Firms Chase Middle East Demand

The U.S. shale revolution is widely considered one of the most significant energy, economic, and industrial transformations in American history. By combining horizontal drilling and hydraulic fracturing (fracking) to unlock massive oil and gas reserves from shale rock, the energy revolution reversed decades of declining production, transformed the U.S. into the world's top oil and natural gas producer and a net exporter of oil while reshaping global energy markets. The U.S. shale revolution more than doubled total U.S. petroleum and other liquids…