Is This The Beginning Of The End For Land Drilling Rig Dayrates?

When (not if) will the leading land drilling contractors make a hard push to be paid under a different model than the entrenched dayrate pricing framework?

It’s a question we’ve wondered about for years now as we’ve watched land drilling rigs drill more and more wells per month, benefiting their customers at the expense of their owner’s top lines.

In an in-depth research update back in May 2017, we took a long hard look at the technologification trend in land drilling, mentioning that pricing and commercial models might be a challenge.

The pricing model might be on the verge of change in the status quo and here’s why and how…

There’s a lot more to this story…

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Until next time boys, Godspeed 💯🛠💸 #oilfield #oilfieldtrash #permianbasin #oilfieldlife #oilfieldtrashmakingoilfieldcash #drillingrig #helmerichandpayne #drillersclub @drillersclub

51 Likes, 4 Comments – Justin Massie (@slim_fftp) on Instagram: “Until next time boys, Godspeed 💯🛠💸 #oilfield #oilfieldtrash #permianbasin #oilfieldlife…”