Four US Land Drillers Own More Than Half The Active Rigs [Market Share Charts]

The US onshore rig market continues to consolidate not because of M&A but thanks to the dominance of horizontal drilling and rig specification escalation. In the four charts below, we share a time series of market share charts for Nabors Industries, Patterson-UTI, Helmerich & Payne and Precision Drilling.

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feature image credit: Nabors Industries