In March, Two Land Drillers Had More Active Rigs Than The Entire US Does Today & They Agree There Is Still Downside

In this week’s rig count update, we shine a spotlight on a squishy bottom and lack of visibility in the US land rig market where two contractors took a different tone to discussing the bottom than one of their peers’ bolder statement several days earlier…

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In a respite from the heat, we have had 2 days of rain here in Oklahoma. Unfortunately, the news here is looking as gray as the sky. Here is a tiny ray of sunshine for you: The Permian Basin rig count went by 1 – that’s right, 1 whole rig. We’ll take it… Here’s to brighter days ahead! #OilGas #RigCount #PermianBasin

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