Tag Archives: onshore drilling

In 2017, we recognized Reeves the “most drilled” and “most improved county in the Permian in this update, which we titled: “More Rigs Have Been Activated In Reeves County In 2017 Than In The Entire Bakken.” Here in 2020, we find ourselves writing a very different assessment of activity in …

For the US land rig count, December 2019 was pretty mundane. Considering the downtrend in activity that dominated much of 2019 and the typical holiday headwinds that December brings, a boring month for the rig count was welcome! Login to see the full update… To read this update and receive our …

In late-October, we noted that Patterson-UTI’s CEO Andy Hendricks predicted a modest increase in drilling activity in late-December. Andy might be preparing to take a victory lap now… Last week’s bounce is notable for three key reasons: it breaks… it’s bigger than… it bucks… Login to see the full update… …

As 2019 winds down, the E&P downcycle dominants discussion in the US onshore oilfield. Rig count is down 27% YTD. More tellingly, rig count fell in 43 out of the 50 weeks in the books so far in 2019. Why? Unlike in most prior downcycles, it’s not oil price in …

Rig count’s down big this year. How has that impacted the rig count mix by basin? Login to see the full update… To read this update and receive our research newsletters, you must be a member. If your free trial has expired, renew here. (Current members login here.) Members get Exclusive research update newsletters …

In this week’s rig count update, we have summarized the latest 2019/2020 US onshore drilling program outlooks, operator-by-company, picking out those rig customers who are adding, dropping, or keeping their rig counts flat. Login to see the full update… To read this update and receive our research newsletters, you must …

While logging rig count activity trends, we take a look at the latest outlook from a leading contractor… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If your free trial has expired, renew here. (Current members login here.) Members get Exclusive …

As the old adage and Metallica song go: misery loves company. With the US land rig count continuing to spiral downwards, it might be constructive for US contractors to commiserate with their Canadian compatriots. Login to see the full update… To read this update and receive our research newsletters, you …

Taking a high-level look at upstream activity through the latest in rig count trends throughout the Lower-48. Login to see the full update… To read this update and receive our research newsletters, you must be a member. If your free trial has expired, renew here. (Current members login here.) Members get Exclusive research …

The normal playbook for land drilling c-suite commentary at this point in the year is highlight for investors the coming reset in customer budgets in early-2020. One of them did that last week, but also went a step further… Login to see the full update… To read this update and …