Tag Archives: rig count

There were a lot of smart things about the Nabors analyst day last week. One of those was the timing. Nabors was smart to host its event after most of the other contract drillers hosted their earnings conference calls in the weeks leading up to the event – the timing …

  Our regular weekly analysis of Baker Hughes rig count statistics is below, but first some campaign speech. This weekend, we are taking a break from the political rhetoric to look at drilling campaigns. For the first time in two years, the US Independents are flexing up their drilling programs. …

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 …

As we initiate our weekly rig count update here at Infill Thinking, it is nice to be writing about growth again for the first time in two years. Since the May 27, 2016 bottom, the US land rig count is up 154 rigs or +41%. Recent growth has been largely driven …