RigData Insights

XLE Trending Up

  • Tuesday, May 17, 2016
  • Posted By
Stock markets appear to be pricing in a recovery for oil and gas producers, even though the US active land rig count continues to decline, according t... Read More

Rig Count Gains A Few This Week, Permit Count Drops

  • Monday, May 16, 2016
  • Posted By Huggins Huggins
According to the RigData Locations & Operators Report, the U.S rig count gained (+2) 441 this week. The U.S. Land rig count gained (+3) to 386. 46 ri... Read More

EIA Projects 48% Increase In Global Energy Consumption

  • Friday, May 13, 2016
  • Posted By Huggins Huggins
The US Energy Information Agency released their monthly Short Term Energy Outlook report on May 10 with a positive outlook for the US oil and gas indu... Read More

Signs Of Things Getting Better For Land Rig Day Rates

  • Tuesday, May 10, 2016
  • Posted By
Although US land rig day rates continued to fall in April, there is a glimmer of hope that the bottom might be near.

Overall Review: Weak Market Conditions continue

  • Tuesday, May 10, 2016
  • Posted By
All drilling contractors surveyed to date reported having rigs stacked within their ranks. Among them, 42% reported that their entire eets were idle, ... Read More

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