US Land Rig Dayrates Are Trending Higher For Super-Spec Equipment

Last week, three large land drilling contractors hosted quarterly conference calls. Their pricing commentary was an echo chamber of positivity, which is not terribly surprising with $68 WTI and the US onshore rig count moving up in 12 out of the 17 weeks so far this year.

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feature image is a thumbnail of our drilling rig photo of the week from social media:

I still remember my first day on a rig years ago. Chaining out wet. I was scared to death. The industry has changed so much in such a short time. I get a bit nostalgic when I see a Big Dog rig on the horizon.

121 Likes, 11 Comments – Erik Wayne Anderson (@killadrilla1) on Instagram: “I still remember my first day on a rig years ago. Chaining out wet. I was scared to death. The…”