RigData Insights

Overall Review: Leading-edge day rates slightly down

  • Tuesday, April 26, 2016
  • Posted By
Overall Review: Leading-edge day rates at to slightly down. A total of 88% of surveyed contractors reported leading-edge day rates stabilized during t... 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.

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

A Positive in the Day Rate Decrease

  • Wednesday, November 2, 2016
  • Posted By Meagan Wildfong
With only one region reporting a sequential decrease of -1% or more, this month saw the US average land rig day rate decline by -0.55%.

Big Rig Demand

  • Friday, December 2, 2016
  • Posted By Meagan Wildfong
The US available rig ratio crept downward a bit more in November, another indicator of the gradually improving demand for rigs, with the ratio hoverin... Read More

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