Tag Archives: north america

US And Saudi Drilling Trends Diverge Again

In the recent past, US and Saudi drilling programs have exhibited an inverse relationship. The Saudis ramped aggressively into the downturn, and maintained elevated drilling levels while the US rig count crashed. Now as the US is ramping aggressively, the Saudis have toned things down a bit. Feature image credit: Instagram user …

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Sometimes You Need To Take A Breather

Nothing can go up and to the right forever, especially not the rig count. The US onshore rig count fell back by six units this week. This break is actually a good thing and we explain why and break down the weekly rig count in in this post. To read …

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What Fourth Quarter Slump?

Back in October, the North American land market was bracing for a seasonal slowdown into year-end. Here’s the warning Halliburton CEO Dave Lesar issued on a conference call about 6 weeks ago: “Based on current customer feedback we remain cautious around customer activity due to holiday and seasonal weather-related downtime. Our customers …

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Weatherford Does Not Share Baker’s Frac Philosophy

As Baker prepares to exit the horsepower game, Weatherford is in no hurry to send frac packing. After reactivating 3 spreads between September to December, the company will end the year at 90% marketed utilization. Weatherford is not selling its million horsepower fleet, at least not any time soon. To read this update you must be …

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