Some additional good news as drilling activity has increased these last several months: Pay scales are up versus two years ago in all categories of U.S. rig workers in all regions, as reported in the current issue of The Land Rig Newsletter, a Platts RigData publication.
After experiencing pay cuts and cost controls after the market topped out in June 2014, multiple contractors across seven key drilling regions report that wages have increased the past two years.
Although wages are still down approximately 3% on average compared to the top of the market in mid-2014, they have recovered by nearly 16% across the spectrum of rig personnel types since mid-2015.
Toolpushers, derrickmen and floor hands have all seen an increase in wages and hiring is continuing.
To read the complete report and survey results call 1-800-371-0083 to request a copy of the July issue of The Land Rig Newsletter.