Infill Thinking Lifting the O&G knowledge curve
US land drillers sent 2016 packing with a bang.
Since May, the drilling recovery has looked exceptionally strong on a percentage basis. The December trend looked exceptionally strong on an absolute basis too with 65 US rigs returning to work.
December 2016 delivered the best absolute rig count increase of any December since 1982, and a rig today is worth at least two back then.
We’ve charted the cumulative weekly rig count change for the month of December for the past few years as well as the two next best Decembers since the turn of the century for context. See what it might mean for 1Q17 in the full article.
There’s a lot more to this story…
Login to see the full update…
Members get:
- Exclusive research update newsletters
- High-caliber, data-driven analysis and boots-on-the-ground commentary
- New angles on stories you’ll only find here
- No advertisements, no noise, no clutter
- Quality coverage, not quantity that wastes your time
- Downloadable data for analysts
Contact us to learn about signing up! [email protected]
Feature image: View from a roughneck in New Mexico. Credit: Instagram user @bbetrayed7496
