Rig count remains under pressure, slipping AGAIN this week, down five and now threatening to move down into the 220s next week. Here are two… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be …
Read More »Drilling Market Share Changes From Top To Covid Bottom
This week we take stock of market share evolution in the US onshore drilling business during these crazy Covid times… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are …
Read More »In March, Two Land Drillers Had More Active Rigs Than The Entire US Does Today & They Agree There Is Still Downside
In this week’s rig count update, we shine a spotlight on a squishy bottom and lack of visibility in the US land rig market where two contractors took a different tone to discussing the bottom than one of their peers’ bolder statement several days earlier… There’s a lot more to …
Read More »The Turning Tide Offshore Is Lifting Harsh Environment Rigs First [Friday Guest Post]
The offshore drilling market is starting a comeback after the worst downturn in a generation (if not the worst ever). While dayrates are still barely keeping the contractors afloat, tender activity and utilization appear to be headed out of a trough. Bright spots in a few areas appear to be …
Read More »Cherry Picked Datapoints From A Bevy Of New O&G Presentations This Week
Since New Year’s Day, ~40 fresh IR decks have hit the wires from the O&G industry… and that doesn’t even include downstream or midstream. The presentation dump came ahead of the year’s first significant O&G investor conference this week. We have cherry-picked the following datapoints with 2018 implications from public …
Read More »Time To Clear The Yards
The US onshore rig count increased another 19 rigs to 689 running last week. All of this activity coming back means rigs are being moved out of the yards and into the field. This creates a veritable boom for rig movers. We uncovered some proprietary market intelligence on rig moves …
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