RigData Insights

U.S Rig Count Gains 11 This Week To 447 Active Rigs

  • Tuesday, May 31, 2016
  • Posted By
According to the RigData Locations & Operators Report, the U.S rig count gained (+11) 477 this week. The U.S. Land rig count gained (+10) to 396. 60... Read More

The Effects of a Low Price Environment on Drilling Efficiency

  • Friday, May 27, 2016
  • Posted By Huggins Huggins
Technology advancements and innovative drilling methods have allowed oil and natural gas companies to reach more reserves while reducing environmental... Read More

Weekly Market Pulse - RigData

  • Monday, May 23, 2016
  • Posted By
The closer oil gets to $50/bbl, the more we hear whispers of a “false rally”—2Q 2015 redux. Certainly, the market still seems fundamentally oversuppli... Read More

Storage levels must decline before drilling improves

  • Monday, May 23, 2016
  • Posted By
Drilling contractors and operators alike were mixed on when the oversupply of crude oil would dissipate, but all agreed that less product being stored... Read More

Land Rig Count Stays Even, Permit Count Gains 75

  • Monday, May 23, 2016
  • Posted By Huggins Huggins
According to the RigData Locations & Operators Report, the U.S rig count dropped (-5) 436 this week. The U.S. Land rig count stayed even at 386. 50 r... Read More

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