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. There’s a …
Read More »
We celebrate the recovery’s one-year anniversary by comparing how this recovery compares to others, revisiting our 2017 rig count forecast, and detailing rig count by region across the US. feature image photo credit: @jasplund91 There’s a lot more to this story… Login to see the full update… To read this update …
Read More »
About a month ago, we noticed a material spike in permitting activity for horizontal wells in the Permian Basin. Based on historical data, the March spike suggested that the Permian horizontal rig count could increase further 25%. We look at what’s happened since then, and update our permitting analysis for April data in this …
Read More »
Although it may seem early to some, another fleet improvement cycle is underway for the US land rig fleet. We covered the specific upgrade programs of several leading land drillers last week in this post. It’s a relatively humble reconstruction cycle financially speaking, involving more discrete equipment upgrades than overhauls or …
Read More »
Infill Thinking Lifting the O&G knowledge curve
