RigData Insights

Demand For Land Rigs Continues To Scrape Bottom

  • Monday, January 4, 2016
  • Posted By Huggins Huggins
Demand for land rigs continues to scrape bottom and remains at near-time lows, with no marked improvements in rig wait lists, bid requests, or work ba... Read More

Plummeting Land Rig Day Rates Eased Their Decline Rate in January

  • Thursday, February 11, 2016
  • Posted By
Plummeting land rig day rates eased their decline rate in January, according to RigData’s Day Rate Report.

Drillers See No Relief In Sight

  • Thursday, February 25, 2016
  • Posted By
Ongoing surveys for RigData’s Day Rate Report this month point to growing fears among drillers that not only is there no relief in sight but that cond... Read More

Overall Review: Market Conditions Worsen

  • Tuesday, March 1, 2016
  • Posted By
As bad as drilling markets have been, there is growing fear among drillers that not only is there no relief in sight, but conditions actually could be... Read More

US Land Rig Day Rate Decline Becomes Relentless

  • Thursday, April 7, 2016
  • Posted By
The relentless decline in US land rig day rates continues. Yet the US average day rate, aggregated across all rig classes and regions, eased its desce... Read More

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