What Does It Cost To Run A Rig These Days? We’ve Got Charts…

Another week of US onshore rig count gains is in the books. But before we quantify that in our weekly statistical update (see full update below), the other side of the equation deserves a few words.

Everyone is focused on rising rig counts today. Tomorrow they’ll be focused on dayrates. And the day after tomorrow operating costs will draw more attention as activity rises. So here’s some cost context to keep you ahead of trend.

Costs tend to be less well understood than rig counts and dayrates. We break them down in this update, providing history and a current discussion of drivers. Subscribers are welcome to our data in excel (requests should be sent to [email protected]).

There’s a lot more to this story…

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Feature image: Permian Basin Sunset. Credit: Instagram user @themalletor